Projects

The Government has allocated Rs.850.00 crore in interim budget for the Financial Year 2019-20 to National Industrial Corridor Development and Implementation Trust (NICDIT) for development of all industrial corridor projects across the country, parliament was told on 3 July 2019.

The Government has accepted recommendation for restructuring and strengthening of Hindustan Aeronautics Limited (HAL) and setting up of an Aerospace University at a cost of Rs.592 crore.

Invest India is currently working with 1,003 companies, with an indicated investment worth US$137 billion and indicated employment of 1,981,147 extending end-to-end facilitation support, Parliament was told on 3 July 2019.

The Cabinet has approved a proposal for leasing out of three airports Adani Enterprises Ltd for having the highest bid under the Private Public Partnership (PPP) model.

The work on the contracts for first priority design works is in progress for setting up two additional units of 1,000 MW each at Kudankulam in Tamil Nadu (Kudankulam Nuclear Power Plant, KKNPP-5&6 - 2X1000 MW).

While consolidation has been an ongoing phenomenon for some time in India, recent mergers, acquisitions and joint developments are underscoring this trend like never before, writes Shobhit Agarwal, MD & CEO - ANAROCK Capital.

WNS (Holdings) Limited (NYSE: WNS) has announced its strategic contract win with the newly formed US$1.8 billion capitalized Convex Group Limited, an international specialty (re)insurer based in the UK and Bermuda led by renowned insurance leaders Stephen Catlin and Paul...

India must enhance its value proposition and build a supportive infrastructure to double the foreign tourist arrivals (FTA) in the country, said a Federation of Indian Chambers of Commerce and Industry (FICCI) knowledge paper.

The ASSOCHAM has expressed concern about Karnataka Government’s move to clamp a five-year ban building of apartments due to water crisis, citing its impact on the construction industry.

The Federation of Indian Export Organizations (FIEO) has urged the Government to provide a 200% tax deduction for Research and Development (R&D) investment and product innovation as the sector face long gestation activity with uncertainty.