Investment

India need to increase its per capita energy consumption at least 2.5 times to increase its Real Per Capita GDP by US$5000 per capita to enter the Upper-middle Income Group, said the Economic Survey 2018-19.

The proposed Expressway between Bengaluru and Chennai, a greenfield expressway of 285 km, is under Detailed Project Report (DPR) stage, Road Transport & Highways Minister Nitin Gadkari told parliament on 4 July 2019.

In order to create a ten trillion-dollar economy by 2032 India needs a robust and resilient infrastructure, says the Economic Survey 2018-19, tabled in parliament on 4 July 2019 by a Finance and Corporate Affairs Minister Nirmala Sitharaman.

The Government has allocated Rs.850.00 crore in interim budget for the Financial Year 2019-20 to National Industrial Corridor Development and Implementation Trust (NICDIT) for development of all industrial corridor projects across the country, parliament was told on 3 July 2019.

The Government has accepted recommendation for restructuring and strengthening of Hindustan Aeronautics Limited (HAL) and setting up of an Aerospace University at a cost of Rs.592 crore.

Invest India is currently working with 1,003 companies, with an indicated investment worth US$137 billion and indicated employment of 1,981,147 extending end-to-end facilitation support, Parliament was told on 3 July 2019.

The Ministry of Agriculture and Farmers Welfare has signed a Statement of Intent (SoI) with IBM for undertaking an AI-weather pilot study in 3 districts of Bhopal, Rajkot and Nanded in Madhya Pradesh, Gujarat and Maharashtra, respectively.

The Cabinet has approved a proposal for leasing out of three airports Adani Enterprises Ltd for having the highest bid under the Private Public Partnership (PPP) model.

The work on the contracts for first priority design works is in progress for setting up two additional units of 1,000 MW each at Kudankulam in Tamil Nadu (Kudankulam Nuclear Power Plant, KKNPP-5&6 - 2X1000 MW).

While consolidation has been an ongoing phenomenon for some time in India, recent mergers, acquisitions and joint developments are underscoring this trend like never before, writes Shobhit Agarwal, MD & CEO - ANAROCK Capital.