Page 2 - Investment Proposals

Business bites: How have winners of Shark Tank India 1 fared so far

A year later as season 2 begins, start-ups that 'sharks' invested in vouch for marketing gains from it but only a few have raised funds subsequently

Karnataka clears investment proposals worth more than Rs 2,000 cr

The Karnataka government has cleared a total of 59 investment proposals worth Rs 2,627.88 crore, promising to create 9,764 jobs. The proposals were cleared at the 136th State Level Single Window Clearance Committee (SLSWCC) meeting held under the chairmanship of State Large and Medium Industries Minister Murugesh R Nirani here on Monday. The committee considered and approved seven important large and medium size industrial projects with investments of more than Rs 50 crore. These projects worth Rs 852.06 crore are expected to create employment opportunities for 3,860 people in the state, the Ministers office said in a statement. It said the SLSWCC also cleared 48 new projects with investments of more than Rs 15 crore and less than Rs 50 crore. These projects worth Rs 923.09 crore would generate jobs for 4,444 people in the state. Four projects of additional investment have also been approved which will result in an investment of Rs 852.73 crore and would generate 1,460 employment .

Odisha receives 145 investment proposals worth Rs 7.26 trn so far

The Odisha government on Thursday said it has so far received 145 investment proposals worth over Rs 7.26 lakh crore in the current edition of the business summit. The Naveen Patnaik government signed 21 MoUs with various companies on the second day of the 'Make In Odisha' Conclave 2022. The JSW Group alone committed an investment of Rs 1 lakh core in the state, an official said. Odisha industries secretary Hemant Sharma stated that the investment intents worth Rs 7,26,128.45 crore, if grounded, would create employment opportunities for over 3.20 lakh people. The third edition of the business summit was attended by representatives of different corporate houses such as LN Mittal, Anil Agarwal, Sajjan Jindal, TV Narendran, Naveen Jindal, Karan Adani, Praveer Sinha and delegates from 11 countries. During the day, the state government unveiled 'Renewable Energy Policy 2022' in the programme. Chief Minister Naveen Patnaik have already assured the investors of all supports for setting

McLeod Russel India lenders likely to discuss Carbon Resources proposal

The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore

Andhra clears Rs 1.26-trn investment proposals to create direct employment

: The Andhra Pradesh State Investment Promotion Board (SIPB), headed by Chief Minister Y S Jagan Mohan Reddy, on Monday approved various investment proposals worth Rs 1,26,748 crore that would create 40,330 direct employment over the next seven years. Of the total, Rs 81,000 crore would be invested on green energy projects that would generate 17,930 MW of power, the Chief Minister's Office said in a release. Besides, two other solar power plants with a total capacity of 60 GW are also proposed. According to the release, the SIPB approved a proposal from Causis E-Mobility for an investment of Rs 386.23 crore on an electric bus-manufacturing unit at Kopparthy in YSR district. The venture would create over 1,200 jobs. The release said Lyfius Pharma would invest Rs 1,900 crore on its drug manufacturing unit in the Kakinada SEZ. For this, the State government allotted 236.37 acres of land. The unit would be ready by April 2024, providing employment to 2,000 people. Inosol Solar Privat

Karnataka govt clears 53 investment proposals worth Rs 2,750 crore

The Karnataka government on Saturday cleared a total of 53 investment proposals worth Rs 2,750.55 crore, which is expected to generate over 8,000 jobs. In the 134th State Level Single Window Clearance Committee (SLSWCC) meeting held at Karnataka Udyog Mitra office, nine investment proposals with each one above Rs 50 crore were approved and these firms would invest around Rs 1,670.69 crore by creating 4,308 employment opportunities. In a statement, Large and Medium Industries Minister Murugesh Nirani, who chaired the meeting, said 41 investment proposals above Rs 15 crore were approved with promised investment of over Rs 1,062 crore and 4,311 jobs expected to be generated. "Today's clearance will further boost investments in the state in the run-up to the Global Investors' Meet scheduled on November 2, 3 and 4," he was quoted as saying. Major projects, which got the clearance by the SLSWCC, were Ukem Agri Infra Ltd, Sundari Sugars Ltd, Everest Industries, Koppal Toys Moulding, Aequs

Bengal received Rs 2,000 cr investment proposals in food processing sector

West Bengal has received investment proposals worth Rs 2000 crore in the food processing sector and the state may consider raising the subsidy in future from the current levels, West Bengal Food Processing Minister Subrata Saha said on Friday. The minister, who was speaking at the inauguration of the 19th International Foodtech Kolkata 2022 exhibition, said that since the Bengal Global Business Summit 2022 in April over 50 memorandum of understanding of more than Rs 2000 crore have been signed with various domestic and foreign enterprises. The state has passed a proposal to grant subsidies of up to Rs 10 lakh to enterprises setting up projects in the food processing sector in Bengal, the minister said. This subsidy may be increased in future to reach out and attract investments, Saha stated. The three-day mega business to business event is being participated by packaging, confectionery, bakery, dairy and hotel and allied services sectors. Director of Food Processing Industries of

Chhattisgarh gets investment proposals worth more than Rs 90,000 crore

The state government has introduced a single-window system to provide clearance

NLC India board approves investment proposals worth Rs 14,945 crore

NLC India Ltd on Thursday said its board has approved investment proposals worth Rs 14,944.91 crore for setting up power and mining projects in Tamil Nadu. The company, which comes under the coal ministry, plans to invest over Rs 43,000 crore in various power and mining projects. According to a regulatory filing, the company's board of directors has approved the investment proposal for establishing Mine III (peak Capacity-11.50 MTPA & Normative capacity- 8.71 MTPA) at Neyveli, Tamil Nadu at an estimated cost of Rs 3,755.71 crore. The board has also given its go-ahead to the investment proposal to set up "TPS II 2nd Expansion Thermal Power Station (2 X 660 MW) at Neyveli, Tamil Nadu at an estimated cost of Rs 11,189.20 crore". NLC India has presence in TamilNadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman and Nicobar Islands. The company operates three opencast lignite mines of total installed capacity 28.50 Million Tonnes Per Annum (MTPA) at Neyveli, one opencast ...

Britannia Industries' shareholders reject Rs 5,000 cr investment proposal

Britannia Industries' shareholders have voted against a resolution to authorise the board to make investments, give loans and provide guarantees of up to Rs 5,000 crore in the AGM concluded last week

West Bengal received Rs 3.42 trn investment proposals at biz summit: Mamata

Investment proposals worth Rs 3.42 lakh crore were received by West Bengal in this year's business summit, CM Mamata Banerjee said

Govt may extend scheme for investment promotion to attract investors

The government may extend the scheme for investment promotion 2017-20, with an aim to attract investors and promote economic growth of the country, an official said.

Odisha puts 23 investment projects on fast track, govt sets new timeline

Mohapatra told the concerned departments to "adhere to the timeline scrupulously", it said

Govt sets up single-window clearance to expedite aviation sector proposals

The civil aviation ministry has set up a single-window clearance mechanism to expedite various investment proposals in the domestic aviation industry

Odisha Govt approves investment proposals worth Rs 608.79 crore

The Odisha government on Monday approved five investment proposals worth Rs 608.79 crore in sectors like Metal, Food Processing, and Logistics & Infrastructure, which may generate employment for 1,496 people in the state.In a meeting chaired by Chief Secretary Asit Kumar Tripathy, the investment proposals were approved at a State Level Single Window Clearance Authority (SLSWCA).As per the Industrial Promotion and Investment Corporation of Odisha (IPICOL), the approved projects includes Metal Downstream sector, Iron Ore plant, Pellet Plant, among others.According to the press release, "In a big boost to the State's metal downstream sector, Reliable Sponge Pvt. Limited is looking at setting up an Iron ore beneficiation plant of 2.5 million tonnes per annum (MTPA) and Pellet Plant of 2.0 MTPA, with an investment of Rs 250 crore and providing employment to about 250 people.""Whereas Growel Feeds Pvt. Limited will be setting up a Shrimp/Prawn feed and fish feed manufacturing ...

Investment pipeline in economy chokes as key indicators show deterioration

Gross fixed capital formation - an indicator of investment demand -as a percentage of GDP, fell to nearly two-decade low

UP govt clears investment projects of Rs 3,653 cr in past two months

Projects are expected to generate more than 11,000 new jobs; letters of comfort already issued or are in the process of being issued

Nazara Technologies plans to invest $20 mn in Indian startups next year

The company has already undertaken transactions worth $50 million in 13 startups in the last two years

Investment data to be cleaned up after overstated jobs claims

The DPIIT figures are in sharp contrast with other official statistics

Investment proposals in reverse gear

While number of commitments inched up in 2015, value slipped 23% to 11-yr low