Investment

A leading Indian plastics manufacturer, Lohia Group, is bringing high-end Israel technology in a manufacturing plant in the Uttar Pradesh Defence Corridor.

Hindustan Aeronautics Ltd (HAL) plans to deliver four Initial Operational Clearance (IOC) standard aircraft (fighters) by March 2019, Minister of State for Defence Dr. Subhash Bhamre said in a written reply to Rajya Sabha on 11 Feb 2019.

The Cremica Mega Food Park Pvt Ltd, an investment of Rs.107.34 crore, will leverage an additional investment of about Rs.250 crores in 25-30 food processing units, said Minister for Food Processing Industries Harsimrat Kaur Badal.

Petroleum and Natural Gas Minister Dharmendra Pradhan has launched the bid round–III under Open Acreages Licensing Policy (OALP) on 10 Feb 2019, inviting investors to be part of the Indian growth story.

Global investment firm KKR has completed the acquisition of 60% stake in Ramky Enviro Engineers Limited (REEL) for US$510 million, acknowledging the company’s role in providing critical solutions to communities across the country.

A Memorandum of Understanding (MoU) between Engineers India Ltd and the Government of Mongolia through Mongol Refinery State Owned LLC was signed on 10 Feb 2019 on the sidelines of PETROTECH-2019.

Minister for Food Processing Industries Harsimrat Kaur Badal has laid foundation stone for Nandvan Mega Food Park Private Limited located at Badawal on Chhata-Barsana road in Mathura, Uttar Pradesh.

A new facility Bidadi, a Karnataka town on Bengaluru-Mysuru expressway, has started manufacturing branded products such as HOFFMAN and SCHROFF to the British and American standards.

India’s exports to China is improving after several years and is poised to achieve its highest ever shipments to the Chinese market this fiscal with more trade protocols being signed.

Landmark: Farakka-Patna RIS   Farakka Barrage Project. The 2nd phase of RIS on National Waterway-1 on the 410 km Farakka-Patna stretch will enhance swift electronic data transfer between mobile vessels and base stations on shore through advance and real-time exchange...