Page 24 - Investment

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

Avaada Group to invest Rs 50,000 crore in Madhya Pradesh: Chairman

He said that this investment will be made in the fields of solar energy, wind energy, pumped storage, and battery storage

'Capital-starved real estate offers significant investment opportunities'

Housing accounts for the largest share of the overall real estate

SIG to invest Rs 360 crore on 2nd phase of plant expansion in India

Global packaging solutions provider SIG will invest 40 million euros (around Rs 360 crore) in the second phase to increase capacity of its plant in India, a "key growth market" for the Swiss multinational, a top company official said. With the new tranche of fund infusion, the total investment of SIG at the Ahmedabad-based plant will increase to 130 million euros (around Rs 1,168 crore), including the 90 million euros of investments during the first phase. "Phase II has been activated now, the board has already approved 40 million euros. This confirms that we are in line with our mid-long term plan," SIG President & General Manager, India, Middle East and Africa, Abdelghany Eladib told PTI. Work on the second phase would be completed in the next three years by 2027, he added. Phase I of SIG, a global player in aseptic packaging and filling solutions, has been completed in just 20 months. Its current production capacity at Ahmedabad is 4 billion packs per annum, and with subsequent

Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka

The three-day Invest Karnataka summit aims to secure investments worth Rs 10 lakh crore

Mahindra Group plans Rs 40K cr investment in Karnataka over next few years

Mahindra Holidays already operates several resorts in Karnataka and is evaluating further expansion into areas like Gokarna and Hampi

Review of Chinese investment ban in India unlikely anytime soon, says CEA

A review of the nearly five-year old restrictions on Chinese investments into India is unlikely in the near future, a senior official said on Tuesday. Chief Economic Advisor V Anantha Nageswaran said both countries have to understand the importance of mutual dependence and mutual benefits. "I don't think it is something you would expect to see immediate results because both sides are crossing the river by feeling the stones, so to speak," Nageswaran said, replying to a specific question on whether any changes are afoot. It can be noted that following violent clashes between Indian and Chinese soldiers in Galwan valley in 2020, the Indian government introduced measures restricting investments from countries sharing a land border with India that was taken to be an attempt to restrict Chinese play. Speaking at the IVCA event here, Nageswaran did acknowledge that both countries have been engaged in a conversation on the trade imbalances, probably drawing from the parleys on various iss

OYO to invest $10 million in US-based G6 Hospitality's digital assets

Travel tech unicorn OYO on Tuesday announced its plans to invest USD 10 million to grow the digital assets of US-based G6 Hospitality, including its website and app. OYO recently acquired iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for USD 525 million in an all-cash transaction, as it eyes expansion in the US. The company plans to accelerate G6 Hospitality's growth, targeting the addition of over 150 hotels in 2025 under the Motel 6 and Studio 6 brands. This expansion is expected to strengthen the brands' presence in key markets such as Texas, California, Georgia and Arizona. "The company plans to focus on growing the Motel 6 website and the My6 app. It aims to increase app installs by 4X before the summer season kicks in and will also use advanced digital targeting strategies, focusing on high-intent customers through direct partnerships with leading digital platforms like Google and Microsoft," OYO said in a statement. The investme

India, Israel to discuss ways to promote trade, investments in Feb 11 meet

Top business leaders, policymakers, and industry stakeholders from India and Israel will meet here on Tuesday to discuss ways to further promote trade and investments between the two countries, an official statement said on Monday. They will explore new avenues of economic cooperation, technological collaboration, and investment opportunities, the commerce and industry ministry said. It said that the India-Israel Business Forum meeting will focus on expanding trade relationships, fostering cross-sector collaborations, and identifying investment opportunities. A high-level Israeli business delegation, led by Israeli Minister of Economy and Industry Nir M Barkat will participate in the forum. The delegation includes Israeli enterprises and representatives from sectors such as technology, manufacturing, healthcare, agri-tech, food processing, defense, homeland security, water management, logistics, and retail. There is also a meeting of the India-Israel CEO Forum. "These forums will

Four listed REITs distribute Rs 1,505 crore to unitholders in Q3

The distributions rose by nearly 17 per cent from Rs 1,289 crore distributed in Q3 FY24