Investment

Seven investors have been given extension for completing their Special Economic Zone areas in Andhra Pradesh, Commerce and Industry Minister Piyush Goyal told the Rajya Sabha 6 Dec 2019.

CSIR and BHEL have signed an MoU to cooperate, collaborate and pursue industrial application-oriented research programmes and its commercialization in large scale.

The Rapaport Group, which supports over 20,000 clients in 121 countries, is organizing 2020 Trade Mission to Surat, home to an estimated 500,000 diamond cutters who manufacture over 90% of the world’s polished diamonds.

Wipro Limited has launched of its NextGen Cyber Defence Centre (CDC) in Melbourne, planning similar CDCs in other Australian cities to offer cyber resilience and provide digital protection to large government organizations.

The Asian Development Bank (ADB) has prepared an Action Plan for Infrastructure Creation to Increase the Use of Coastal Shipping in India, parliament was told on 5 Dec 2019.

National Stock Exchange’s (NSE) index services subsidiary, NSE Indices Limited has launched the Nifty BHARAT Bond Index series on 5 Dec 2019.

The Ministry of Micro, Small and Medium Enterprises will raise GST related issues faced by the sector with the Finance Minister to provide some relief to the small companies.

The Monetary Policy Committee (MPC) at its meeting on 5 December 2019 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15%.

Public Sector Oil Marketing Companies (OMCs), Gail (India) Limited and Indraprastha Gas Limited (IGL) have issued 443 numbers Letters of Intent (LoIs) as on 29 Nov 2019 for setting up Compressed BioGas (CBG) plants in the country.

The Special Economic Zones has received investment of Rs.521,631.44 crore as of 30 Sept 2019 since the concept was first passed by parliament in May 2005.