Page 18 - Investment

World Bank bullish on India, reaffirms confidence in its economic potential

The World Bank on Wednesday expressed strong confidence in the Indian economy and appealed to all to come and invest in the country. Speaking at the Advantage Assam 2.0 Business Summit, World Bank country director Auguste Tano Kouame said the lender remains optimistic about India's economic prospects, despite a slight downward trend in growth. "We are not worried about India's growth at the moment. We are very bullish about India and will remain bullish," he added. He emphasised that fluctuations of one percentage point in economic growth do not alter the World Bank's positive outlook. "If somebody is worried about recent data, we would like to say that don't worry. India is the shining light in the world. If you are looking to invest, then come and invest here. The Indian growth makes it the place to invest," he added. For the current fiscal, the Reserve Bank of India (RBI) projected the economic growth at 7.2 per cent in December 2024, compared to 8.2 per cent in 2023-24.

Welspun One launches Rs 1K cr co-investment programme to expand portfolio

Integrated fund and management development platform Welspun One on Wednesday announced the launch of a Rs 1,000 crore co-investment program. This initiative will support its second Alternative Investment Fund (AIF), Fund 2, by providing dry powder to capitalise on a ready pipeline of 5 million sq ft, which is currently in the advanced stages of closure. With this expansion, the company's aggregate portfolio will grow to around 22 million sq ft, generating a projected net operating income of approximately Rs 1,100 crore (USD 130 million) upon completion, Welspun One said. Launched in March 2023, with an aim to raise a corpus of Rs 2,000 crore, including the green shoe option of Rs 1,000 crore, Fund 2 has secured a portfolio of highly differentiated, off-market opportunities in new-age warehousing assets - segments that are seeing increasing demand from occupiers and investors alike, the platform said. These assets offer superior long-term returns compared to traditional warehousing,

CtrlS Datacenters mulls IPO, eyes over Rs 9,000 crore investment in Chennai

Company scouts for fresh land in Chennai for bigger centre; mulls IPO

Biz summit day 1: Assam receives Rs 2.5 trillion investment proposals

Out of the total announcements, Rs 1.89 lakh crore of investments were cemented in the form of 114 agreements signed between various companies and the Assam government

Mukesh Ambani and Gautam Adani announce Rs 50,000 crore investment in Assam

Advantage Assam 2.0 Summit: This announcement comes a day after Adani announced a Rs 2.1 trillion investment in Madhya Pradesh during the Madhya Pradesh Global Investors Summit in Bhopal

Retail's next wave: Brands chase growth in India's emerging cities

Beyond technology leaders, retailers in apparel, beauty, fashion, and entertainment are targeting Tier-II and -III cities, extending their reach beyond metro hubs

MP has potential for 18-fold growth to be $2.1 trn economy by 2047-48: CII

Madhya Pradesh can potentially increase the size of its economy by 18 times to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, according to a report by industry body CII. In order to realise its potential, the state needs to focus on boosting the manufacturing industry and industrial expansion must take center stage, CII said. According to the report 'Envisioning Madhya Pradesh Economy@2047', the gross state domestic product (GSDP) of the state can rise to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, growing at a CAGR of 8.6 per cent, from the current USD 164.7 billion (Rs 13.6 lakh crore). With a proactive state government dedicated to boosting investment and driving growth, Madhya Pradesh is well-placed to increase its contribution to India's GDP from the current 4.6 per cent to 6 per cent by 2047-48, CII Director General Chandrajit Banerjee said. As per the report, for Madhya Pradesh to achieve its ambitious growth targets, manufacturing and industrial expansion must tak

Kerala CM assures all possible support to investors coming to state

Kerala Chief Minister Pinarayi Vijayan on Saturday said that all possible support will be ensured to investors coming to the southern state. The CM gave the assurance during a round table meeting attended by 31 prominent investors of the country to discuss the prospects of the IT sector at the Invest Kerala Global Summit, according to a government statement. At the meeting, Vijayan said that the government attaches great importance to investments in the IT sector which does not require land and natural resources and was, therefore, suitable for a densely populated state like Kerala. The CM, in a post on social media platform X, referred to his meeting with the IT leaders and said that he was looking forward to "fruitful partnerships that drive growth and progress". "Interacted with IT leaders at the Invest Kerala Global Summit's Roundtable, reaffirming our commitment to making Kerala a top destination for technology investments. "With a skilled workforce, world-class IT parks, and

Investment proposals worth Rs 40k cr received in 3-and-half yrs: Assam CM

Assam Chief Minister Himanta Biswa Sarma on Saturday said that investment proposals worth Rs 40,000 crore have been received in the state in the last three-and-half-years, with many of these projects in various stages of implementation at present. He was speaking at the inauguration of a new bottling plant of Reliance Consumer Products Ltd's (RCPL) Campa Cola range here. Spanning over 6 lakh sq ft, the plant, being developed in collaboration with RCPL's local partner Jericho, is among the largest beverage manufacturing units in the Northeast. It has an initial production capacity of over 10 crore litres for carbonated soft drinks (CSD) and nearly 18 crore litres for packaged drinking water. Highlighting that the facility will provide 300 direct and 1,000 indirect employment opportunities, Sarma said, "Our youth who were working outside due to lack of industrialisation in the state can now return with such plants coming up." He said MoUs proposing investment of Rs 40,000 crore have

UAE-based Sharaf group announces Rs 5,000 cr investment in Kerala

In a move that will create more job opportunities in Kerala, UAE-based shipping and logistics giant Sharaf Group on Saturday announced an investment of Rs 5,000 crore in the state over the next five years. Sharaf Group Vice Chairman, His Excellency General Sharafuddin Sharaf, made the announcement at the Invest Kerala Global Summit here. He said that the shipping and logistics giant, which has been operating in India for the past 28 years and has a presence in more than seven major cities across the country, chose Kerala for investment due to the state government's initiatives to simplify the ease of doing business. Another factor, he said at a press conference during the summit, was the large pool of highly educated and capable human resources available in the state. Sharaf also said that not only in Kerala but in many other cities of India, the ease of doing business was simple, the company received a lot of support, and "things were getting done much faster." He said that the .

Emmvee Energy to invest Rs 15,000 cr in K'taka for solar manufacturing unit

Emmvee Energy, a manufacturer of high-quality solar photovoltaic panels and modules, announced plans to invest Rs 15,000 crore in a phased manner to establish a manufacturing plant, Karnataka's Minister for Large and Medium Industries, M B Patil, said on Thursday. He made this announcement after senior company representatives met him at Vidhana Soudha. The minister noted that the investment is part of the proposals for which a Memorandum of Understanding was signed during the recently concluded Global Investors Meet (GIM)Invest Karnataka 2025. According to the minister, Emmvee Energy will initially invest Rs 5,000 crore to set up a facility with a 5 GW power generation capacity, creating 10,000 jobs, his office said in a release. The company has requested 120 acres of land in the Bengaluru IT Investment Region (ITIR) for the project. The government will facilitate this request after due consideration, Patil added. Emmvee Energy is a key player in manufacturing essential components

Invest Kerala Summit to begin Friday; state eyes big-ticket investments

According to sources, major investments are expected in sectors such as life sciences, food processing, and logistics. Interestingly, Kerala has so far organised only three investors' meets

Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs

German-based packaging and bottling machine manufacturer Krones has begun setting up its Rs 315 crore bottling machine manufacturing plant in Vemagal, Kolar district. The groundbreaking ceremony was held on Thursday by Karnataka's Minister for Large and Medium Industries, M B Patil. This project is part of the Rs 10.27 lakh crore investment proposals signed during the recently concluded Global Investors Meet (GIM)Invest Karnataka 2025, according to a release from the Minister's office. Patil emphasised that the government's focus is on realising investment projects, and Krones' decision to set up its plant is a testament to this commitment, the release said. Ahead of GIM, Patil led a delegation to Germany in December last year, where he held discussions with Krones representatives and signed a preliminary Memorandum of Understanding at the company's headquarters in Neutraubling. The upcoming Rs 315 crore plant is expected to generate 550 jobs. Speaking at the event, Patil highlig

Devina Mehra challenges investment myths with data-driven insights

In this book, Ms Mehra strongly advocates global diversification to counter single-market, single-currency risk

From Bimaru state to investment powerhouse: Madhya Pradesh turns the scale

Once considered a BIMARU state, Madhya Pradesh has pivoted into a key destination for investment as its single-minded focus on infrastructure creation together with investor friendly policies and ease of doing business draws domestic and international firms, Chief Minister Mohan Yadav said. The state offers significant advantages to investors, with affordable land prices, consistent electricity supply, strong connectivity through roads, railways and airways and an investor friendly industrial policy that includes tax incentives, land subsidies, and rebates. Ahead of the state's Global Investors Summit (GIS) 2025 to be held in Bhopal on February 24-25, Yadav spoke about Madhya Pradesh's immense potential as an investment destination. He highlighted that the state had been working on the summit for almost a year, focusing on building the right infrastructure, improving policies, and engaging with stakeholders. He emphasized that this summit would be different from the past ones becaus

Global Capability Centres policy to bring new investment: MP CM Yadav

Madhya Pradesh Chief Minister Mohan Yadav has stated that the state's new Global Capability Centre (GCC) Policy 2025 is a significant step towards attracting multinational companies and establishing Madhya Pradesh as a digital and technological hub. This policy will prove to be a milestone in accelerating Prime Minister Narendra Modi's vision of Atmanirbhar Bharat and Digital India, he said. The Global Investors Summit-2025, to be held in Bhopal, will provide the largest platform to present this policy at the global level. Prime Minister Narendra Modi will inaugurate the summit on February 24, which will further strengthen the investment landscape of Madhya Pradesh. At the summit, the Chief Minister will present this policy to investors, entrepreneurs, and policymakers from around the world, aiming to elevate the state to new heights in the GCC sector. This summit is expected to bring in a large number of investment proposals for GCCs, transforming the state's economic ...

Travel advisory against Assam by foreign govts a hurdle to investment: CM

Assam Chief Minister Himanta Biswa Sarma on Saturday said that travel advisory against the northeastern region by several countries is a major challenge in attracting investments, even as the state gears up for a mega business summit here later this month. Sarma said he has requested the countries to view Assam in isolation and not club all the North Eastern states together. He said talks are already underway with Japan, Australia and other nations to persuade them to withdraw the adverse advisory as the local government is pushing for viewing Assam "in isolation" from the other states of the region. Addressing a press conference in the run-up to Advantage Assam 2.0 Investment and Infrastructure Summit', Sarma said, Most embassies have marked Assam in grey' and have a statutory warning for its citizens against visiting Assam, as the state is clubbed together as North East'. Removing these advisories is topmost priority for us. He said countries like Japan and Australia are being ..

Invest Karnataka 2025 wraps up with Rs 10.27 trillion commitment

Nearly 75 per cent of these investments are outside the Bengaluru district, with more than 45 per cent concentrated in North Karnataka

Gold scaling new peaks: Book profit if weight in portfolio exceeds 15%

Geopolitical tensions and fears of trade wars due to anticipated US tariff announcements are the key drivers of gold prices

Tech disrupting traditional industries, say leaders at Invest Karnataka

As digital solutions and automation continue to evolve, traditional businesses facing both opportunities and challenges, said top young industry leaders and entrepreneurs at Invest Karnataka summit