Investment

The Indian Government is trying to encourage private and state-owned mills to go for overseas asset acquisitions for raw material as a supply security, said Minister of State for Steel, Vishnu Deo Sai.

The Defence Ministry is shortlisting potential Indian Strategic Partners and foreign Original Equipment Manufacturers (OEMs) for the ‘Procurement of 111 Naval Utility Helicopters (NUH) for the Indian Navy.

Rainshine Entertainment has acquired a significant stake in Mumbai’s Kinsane Entertainment Inc, a global digital entertainment company focused on 2 to 15-year-olds and families.

IIFL Asset Management (IIFL AMC) has launched its first Luxembourg domiciled UCITS Fund, IIFL India Equity Opportunities Fund (IIFL Fund), by virtue of merger of Ashburton India Equity Opportunities Fund into IIFL Fund.

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.