Investment

The government has established three funds under the National Investment and Infrastructure Fund (NIIF) platform.

National Institution for Transforming India (NITI) Aayog will host an investors’ conference on 10 August 2018 for the development of eco-tourism on the Andaman & Nicobar, and Lakshadweep Islands on Public Private Participation basis.

The 25 bps increase in the repo rate announced on 1 Aug 2018, the third bi-monthly monetary policy, was in line with our expectations, writes Anuj Puri, Chairman - ANAROCK Property Consultants.

The Cabinet has approved the first extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.

Indo-German Government to Government Umbrella Agreements for Euro 653.7 Million (approx. Rs. 5253 crore) on Financial Cooperation and Technical Cooperation 2017 were signed in New Delhi on 1 August 2018.

Swiggy, India’s largest food delivery platform, partnered with San Francisco’s Layer to implement a unique customer support for Indian customers.

The Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) projects is projected at Rs.7.63 lakh crore, Minister of State for Planning and Chemicals & Fertilizers, Rao Inderjit Singh, has told parliament.

The digital payments market is expected to grow to US$1 trillion by 2023 led by growth in mobile payments, presenting huge business opportunities for players in the digital space, said an industry report.

The Indian Navy is looking for 111 such copters that will be based on ship-decks to replace the ageing fleet of Kamov copters.

Expenditure on investment in logistics, including infrastructure, will touch US$500 billion, annually, by 2025, said Commerce and Industry Minister Suresh Prabhu in New Delhi on 30 July 2018.