Investment

Tripura Industrial Development Corporation (TIDC) Ltd is setting up a Special Economic Zone (SEZ) for the Agro-based food processing industry, at an estimated cost of Rs.1,550 crore.

Steel Minister Dharmendra Pradhan wants to make the steel sector more efficient and globally competitive and backed it with assurance that the Government will facilitate in the growth process.

The Government is stepping up engagement with EU, US, and UK to secure markets for Indian exports even as it withdrew from the Regional Comprehensive Economic Partnership, Commerce and Industry Minister Piyush Goyal has assured delegates at Export Summit 2019.

Representatives of the Agro-processing and Rural Development sectors have told Finance Minister Nirmala Sitharaman to boost investment in agricultural sector and enhance market access to farmers.

The Asian Development Bank (ADB) has signed a US$250 million loan for Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India that will benefit agricultural, residential and institutional consumers.

The government is in the process of adopting new and smart technologies which will help in making the 30-km per day road construction target more ambitious, said Gen (Retd) V K Singh, Minister of State for Road Transport & Highways.

As one of the leading importers of defense equipment and facing war threats from China and Pakistan on its borders, India’s defence expenditure is projected to increase to US$104 billion in 2024 from US$68.4 billion in 2020.

Tech Data has entered into an agreement to acquire the business of Bengalore-headquartered Inflow Technologies, a leading value-added distributor with expertise in areas like cybersecurity and networking.

Noting that India plays a vital role in curbing global emissions, Bank of America is providing a local currency revolving credit facility to Fourth Partner Energy, one of the country’s largest distributed solar companies in India.

The Indian Railways plans to attract more private investment, encouraging project-specific subsidiaries (in form of SPVs) with equity from public sector undertakings (PSUs) and the private sector.