Projects

Minister for Home Affairs Amit Shah has laid the foundation stone of over 250 projects worth Rs.65,000 crores in Lucknow on 28 July 2019 at the Second Ground-Breaking Ceremony of the UP Investors Summit.

Mumbai-headquartered 3i Infotech Limited (BSE: 532628, NSE: 3IINFOTECH) has formed a strategic partnership with Dunamis Pacific Corporation, a US based IT strategy and enterprise solutions company to serve the North American construction industry.

The specialty chemicals market in India is expected to expand at a compound annual growth rate (CAGR) of ~10.7% by 2023, according to a ResearchAndMarkets report.

The Indian real estate sector has started reviving with the first half of the year drawing about US$2.7 billion investments and is projected to grow by 35%-40% over the next couple of years.

It is predicted that the applications of artificial intelligence in the healthcare space will be worth ~Rs.431.97 billion by 2021, expanding at a rate of ~40%, said an industry report.

Six Bengalore startups were part of 24 deep tech Asian companies that pitched for investments to about 300 investors including venture capitalists and angle investors in Singapore.

The Indian compressor market is projected to attain a value of US$2.7 billion by 2024, growing at a 7% CAGR during 2019-2024, on demand from automobile sector, according to an industry report.

India’s investments in artificial intelligence is expected to expand at a CAGR of 33.49% during the 2018-2023 period. In 2017, the investment was Rs.773.64 billion, according to a ResearchAndMarkets report.

India will have a greater voice at International Maritime Organization (IMO) even as it works towards complying with the IMO 2020 regulations on limiting sulphur content of bunker fuel.

Bid for Bundle-3, under the Toll-Operate-Transfer (TOT) Model, has been invited since 13 June 2019 with bid due date of 11 September 2019, Road Transport and Highways Minister Nitin Gadkari has told Parliament on 25 July 2019.