Investment

Indian Railways is switching to natural gas, replacing industrial gases like Dissolved Acetylene, LPG, BMCG and Furnace Oil/High Speed Diesel (HSD) oil.

The Department of Biotechnology (DBT) and International Energy Agency (IEA) have signed a Memorandum of Understanding (MoU) for Enhancing Innovation for the Clean Energy Transition.

The Asian Development Bank (ADB) has lent US$346 million for improvement of over 400 kilometers of state highways that will enhance connectivity and access to economic centers across 12 districts in Karnataka.

The 16-country Regional Comprehensive Economic Partnership (RCEP) negotiations are heading for a conclusion. However, doubts persist over India’s readiness to conclude the deal.

Aditya Birla Capital Limited (ABCL) and Värde Partners have announced an exclusive strategic partnership to pursue investments in stressed and distressed assets in India.

National Highways Authority of India (NHAI) has called bids for second bundle of Toll-Operate-Transfer project (T-O-T) for 586.55 km in Gujarat, Rajasthan, West Bengal and Bihar.

India’s Act East policy has started securing investments from Japan, South Korea and China, said Jamshyd N. Godrej, co-chairman of the India-Singapore Strategic Dialogue 2018 (ISSD).

The World Bank has signed a US$250 Million Agreement to support Electricity Distribution Sector Reforms in Rajasthan.

The Tourism Ministry has sanctioned two projects under Heritage and North East Circuits of Swadesh Dashan Scheme for Rs.164.95 Crores in Punjab and Tripura.

The 362 km Indore-Manmad New Railway Line Project will cost Rs.8,574.79 crores and constructed within six years. It will result in cumulative net economic benefits of estimated Rs.15,000 crore in the first ten years of operations.