Page 19 - Investment

Private investment key to India’s defence growth: Experts at BS Manthan

Private investment key to India’s defence growth: Experts at BS Manthan

Assam received Rs 5.18 trn investment proposals in biz summit: CM Himanta

A total investment commitment of Rs 5,18,205 crore was received at the recently concluded Advantage Assam 2.0 Investment and Infrastructure Summit, Chief Minister Himanta Biswa Sarma said on Friday. The commitments amount to 80 per cent of the state's gross domestic product (GDP), which is projected to reach Rs 6.43 lakh crore by March, Sarma said at a press conference here. "We will begin analysing the proposals in the new financial year, and over the next six months, we will prepare a roadmap for their implementation," he said. A detailed agreement will be signed after thoroughly studying the proposals to ensure their successful execution, he added. "It is not necessary that all MoUs will translate into investments. The usual success rate of implementation is around 50 per cent, but I am hopeful for 80 per cent, which would make Assam one of the leading states in the country," Sarma added. Providing land for projects and offering incentives are expected to be major challenges in

BII, Calvert Impact commit $40 mn to Vivriti AMC's GIFT City fund

While BII has committed $30 million, Calvert Impact has committed $10 million to the senior debt tranche of the fund

Wipro Ventures gets $200 mn from parent to invest in new age startups

The fund will be utilised for three to five investments every year and will focus on new opportunity areas such as generative artificial intelligence (GenAI) and cybersecurity

Trade, tech, tourism, to be key drivers for Assam's growth: Piyush Goyal

Union commerce and industry minister Piyush Goyal on Wednesday said 3Ts trade, technology and tourism along with 3Is industry, infrastructure and investment will take Assam towards development. "Unprecedented progress is taking place in Assam which is the 'crown of the Ashtalakshmi' states of the Northeast region. It will surge further ahead due to the talent, hardwork and hospitality of the people of the state," Goyal said at the valedictory session of Advantage Assam 2.0 Investment and Infrastructure summit here. Assam government rejected various investment proposals during the summit but focused on the practical and possible ones which could be implemented, he said. A permanent exhibition hall and convention centre like the Bharat Mandapam will be set up in Assam as a joint venture between the Centre and the state government, Goyal added.

MoUs worth Rs 10,785 cr signed on Day 2 of business summit in Assam

Investment proposals amounting to Rs 10,785 crore have been signed so far with companies across various sectors on the concluding day of the two-day Advantage Assam 2.0 Investment and Infrastructure Summit 2025 here on Wednesday, Chief Minister Himanta Biswa Sarma said. The state government inked a Rs 3,000 crore MoU with Virinchi Limited to set up a 200 MW data centre, along with another MoU worth Rs 200 crore with Virinchi Healthcare Private Limited to set up a 500-bed super specialty hospital. A Rs 3,200 crore pact was signed with Star Cements Ltd to establish a cement clinker and grinding plant through their subsidiary Star Cement North East Ltd. The state government also signed a Rs 1,500 crore agreement with Matheson Hydrogen Pvt Ltd to set up a 95 KTPA Hydrogen and Steam Generation Plant. A Rs 700 crore deal was inked with UltraTech Cement for establishing a grinding unit and a cement-bulk terminal. Copper Plus Holdings SAC signed a Rs 1,000 crore agreement for services and

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