Projects

The Indian industry should play a big role within the framework of the India-Central Asia Dialogue in line with the government’s commitment to have a vibrant partnership.

New York’s Telidyne, Inc has acquired 56% holding of Mumbai-based Ducon Infratechnologies Ltd through purchase of common stock in a private transaction on 29 January 2020.

Wipro Limited has secured a multi-year, global, strategic IT deal from Corbetta-headquartered Marelli, one of the world’s leading global independent suppliers to the automotive sector.

In order to contribute to the growth of solar power generation in India and as a part of its strategy to develop renewable energies, French energy heavyweight Total is expanding its partnership through a US$500 million transaction with Adani Group.

ADB has approved US$631 million (in loans and grants) for Vizag-Chennai Industrial Corridor (VCIC), comprising a Multi-Tranche Financing Facility (MFF).

The Cabinet has given its 'in-principle' approval for setting up a Rs.65,544.54 crore Major Port at Vadhavan near Dahanu in Maharashtra. Vadhavan port will be developed on "land lord model".

The Ministry of Food Processing Industries (MoFPI) has sanctioned 39 Mega Food Parks and 298 Integrated Cold Chain Projects throughout the country to fill in the gaps across the value chain and establishing the Cold Chain Grid.

The fact that the latest Union Budget gave no more than a cursory glance at real estate is a missed opportunity to build further on groundwork that the government has done of making the sector more organised and transparent.

Professor Narendra Agrawal Santa Clara University’s Leavey School of Business will spend six weeks at Ahmedabad University serving as an adviser to the university’s vice chancellor, dean of the Amrut Mody School of Management, and key academics at the university.

Overall housing credit growth likely to be at 12-14% in FY2020 (last three years’ CAGR of 17%); the long-term growth outlook remains good given the low mortgage penetration levels but will depend on improvement in operating environment, said ICRA Ltd.