Page 29 - Investment

Investments in sectors under PLI schemes may hit Rs 2 trn in coming years

The 14 sectors covered under the production linked incentive (PLI) schemes have witnessed investments of Rs 1.46 lakh crore till August and the capital infusion is expected to reach Rs 2 lakh crore in the coming years, the commerce and industry ministry said on Sunday. Commerce and Industry Minister Piyush Goyal has held detailed discussions with companies that are getting fiscal benefits under the schemes to seek inputs and feedback. The minister engaged with 140 companies out of the 1,300 manufacturing units across 14 sectors, which have been the beneficiaries of the scheme. "Overall achievement of PLI schemes was also discussed during the meeting. Actual investment of Rs 1.46 lakh crore has been realised (till August 2024) and is likely to reach Rs 2 lakh crore in the next year or so," the ministry said in a statement. This has resulted in production/sales worth Rs 12.50 lakh crore and employment generation of around 9.5 lakh (direct and indirect), which is expected to reach 12

Madhya Pradesh RIC attracts over Rs 23K cr investments; 28K jobs expected

The proposed investment is expected to generate around 28,000 jobs, with the highest investment of Rs 6,800 crore in the renewable energy sector

Millennials lead surge in corporate bond investments: Grip Invest report

54% rise in women choosing corporate bonds as their first investment, from Q1 FY 24 to Q2 FY 24

Paying off home loan or making an investment: Which is a better option

Younger people may invest for they have a longer time horizon, while those nearing retirement might focus on debt reduction

Rajasthan govt goes all out to woo investors for December summit

The 3-day mega event aims to attract and facilitate global investment, innovation, and partnerships in the state

Greenfield boom: Hotel investments in India return to pre-pandemic high

Return to pre-pandemic levels; Indore, Kanpur, Bhubaneswar among cities witnessing rise in demand for such projects

SpiceJet clears pending salaries after Rs 3,000 crore capital infusion

Domestic carrier SpiceJet has cleared all pending salary dues of its employees after securing a fresh capital infusion of Rs 3,000 crore, a source has said. The salaries for July and August for all employees, as well as the remaining June salaries for those who were partially paid, were deposited into their accounts on Wednesday evening, according to the source. A SpiceJet spokesperson confirmed the disbursement of employees' pending salaries. "Pending salaries of employees were disbursed on Wednesday evening," the spokesperson said on Thursday without divulging further details. SpiceJet had been delaying salaries to its staff for the last couple of months due to a liquidity crunch. The airline hasn't paid the provident fund for two and a half years while TDS, which is deducted from employees' salaries every month, has also not been deposited with the government. On September 23, the airline announced raising Rs 3,000 crore through QIP and an additional Rs 736 crore from the prev

Post-Covid shift:Investors favour stability & tax perks in financial option

Investors consider 6 financial instruments in making their decisions, it says

India known as best place to invest and manufacture in: Piyush Goyal

''PLI has been a big boost to manufacturing in India, and we can hope to see a lot of activity and creation of jobs in the days to come"

Pepsales raises $1.1 million in a round led by Chiratae Ventures

The firm said it is targeting the global enterprise application software market, which has an estimated annual sales and marketing expense exceeding $190 billion

Oister Global, Tribe Capital partner to launch $500 million fund

With a pipeline of identified investments, the firms aim to leverage their complementary strengths: Oister's deep local market expertise and Tribe Capital India's quant-driven diligence

Rajasthan govt to launch new mineral policy to attract investment

The total revenue from minerals in Rajasthan was estimated at over Rs 7,460 crore in FY24

PDG plans infusing $1 bn for expansion in India amid AI data center boom

The investment will bring PDG's capacity to 230 MW across two major hubs, Mumbai and Chennai

Odisha govt okays Rs 45K cr investment proposals, promises 36K employment

CM Manjhi had set a target of attracting industrial investments to the tune of Rs 2.5 lakh crores in the coming 5 years

Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding

Company provides loans to low-income customers and businesses in informal economy

India presents opportunity, world moving into Indian era: Salesforce

Customer relationship management-focused Salesforce's chairman and chief executive Marc Benioff has said the world is moving into an "Indian era". Speaking to reporters on the sidelines of the annual "Dreamforce" event here, Benioff said the opportunities in India are "exciting" and the company has invested in the country aggressively. "You can see that the world is moving into the Indian era. There is no question that we are going to move into an incredible moment in India," he said. The city-headquartered global company which is aiming to close FY25 with a revenue of USD 38 billion has over 11,000 employees in the country. A bulk of the employee base serves the global client base, while the increasing adoption of digital technologies has made India business also grow. "We do all kinds of things in India including engineering and support but also we go to market in India," Benioff said, adding that it serves large customers like the auto major Bajaj group. He said the company has

iBUS Network and Infrastructure receives Rs 280 crore investment from IFC

This investment will bolster iBUS's plans for both domestic and international growth

Startup India should move out of Invest India's ambit, says Piyush Goyal

The minister said that the company can be industry-led, similar to Invest India-a key body that pushes investments

India seeks investment from S Korea, Japan to set up shipbuilding clusters

India is seeking investments and technology transfer from South Korea and Japan to establish shipbuilding and ship repair clusters to promote the domestic shipping supply chain in the country, according to a senior government official. Currently, India holds less than 1 per cent of the global shipbuilding market, dominated by China, South Korea, and Japan. "We are looking at South Korea and Japan for investments and technology transfer for establishing shipbuilding and ship repair clusters in India," TK Ramachandran, Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), told a group of journalists here. Ramachandran was in Goa to participate in the 20th Maritime State Development Council (MSDC), where plans for a mega shipbuilding park, spanning multiple states, were discussed. "We have communicated to them (South Korea and Japan) that you come with your technology and investments, we will provide you land for setting up shipbuilding and ship repair clusters," he said. T

Bahrain secures $16.65 million in investments from three Indian companies

The Bahrain Economic Development Board (Bahrain EDB) has secured investment commitments valued at USD 16.65 million from three leading India-based companies across the sectors of manufacturing, renewable energy, and ICT. The announcements were made during Bahrain EDB's ongoing week-long visit to Mumbai, Bengaluru, and Chennai, designed to strengthen bilateral economic ties and attract foreign direct investment to Bahrain, it said in a statement. H E Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, said, "We at Bahrain EDB are proud to welcome these companies to our business-friendly island nation, further underscoring the robust economic and commercial ties between India and Bahrain that have been traced back 5,000 years to the Dilmun and Indus Valley civilizations. "This cumulative investment reflects the strength and competitiveness of Bahrain's value-proposition and fast-growing reputation as a key regional hub for leading manufacturin