The infrastructure spending target for 2020-25 was revised because of additional and amended data provided by central ministries, state governments since the release of the summary NIP Report in December 2019 when it was pegged at Rs 100 trillion.
Even as German airport developer Fraport AG is shutting its operations in India, deciding to sell its small stake in the Delhi airport, its competitor in Europe, Zurich Airport, is bullish on Asia's third-largest economy. The company is eying investments in the greenfield international airport projects at Navi Mumbai and Goa.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
PSA Peugeot Citroen, France's largest car maker, has again revised its India launch plans, as it battles financial losses.
Ajit Singh writes a letter to Akhilesh Yadav asking him to send experts to Muthura for the airport.
The company also has plans to set up a 1.4 million tonnes per annum alumina refinery in Andhra Pradesh.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
The BCCI senior selection committee on Saturday announced the India A squad for the five one-dayers against the Lions.
Production cost in Africa varies between $1 and $2 a kg while in Assam it is $1.9 and in West Bengal over $2
In conversation with Shubhashish and Arijit Barman, Rakesh Arora, managing director and head of research, Macquarie Capital Securities (India) Pvt Ltd and among the most authoritative metal analysts in India, says companies should start taking environmental laws more seriously.
Two sites for the location of the airport had earlier been rejected, one of them being Imchi near Gumto, which was cancelled on account of being a riverbed and not having an even ground.
The final and last approval for the Adani group's long-delayed billion dollar mega coal mine project came weeks after a surprise election win of Australia's pro-coal ruling coalition led by Prime Minister Scott Morrison.
From environmental clearance to regulatory approval, from land acquisition for greenfield projects to displacement of tribals, it's been a season of scams, deep mistrust and hostility among companies, bureaucrats, regulators and politicians.
India attracted an estimated $49 billion FDI in 2019, a 16 per cent increase from the $42 billion recorded in 2018.
A senior delegation from PSA Peugeot Citroen, France's leading car producer, is expected to meet the Tamil Nadu government next week.
It took 13 years to get environmental clearance for the greenfield international airport at Navi Mumbai.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The Renault Nissan Alliance has said that its Oragadam greenfield facility near Chennai - its first in the world - will be a template for its upcoming Morocco facility, with a few changes only in the back-end engineering. The company is training 30 senior employees drawn from various verticals at its Oragadam plant.
Jamshedpur plant is expanding its capacity at a cost of Rs. 20,000 crore.
The policy note of transport department, tabled in the assembly by minister K N Nehru, said the government acknowledged the fact that the southern metropolis was fast becoming an investment destination and, therefore, the present modernisation effort.
Three Indian companies are among the six shortlised to bid for the privatisation of the Male International Airport in Maldives.
Construction of 12 greenfield airports in different parts of the country is likely to start soon with the government granting them approval, Civil Aviation Minister Praful Patel said on Tuesday.
The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-Covid-19 pandemic period and India's large market will continue to attract market-seeking investments to the country. The World Investment Report 2020 by UNCTAD said that India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year, an increase from the 42 billion dollars of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
Two of the world's leading steel-makers, ArcelorMittal and Posco, had proposed to invest Rs 91,000 crore (Rs 910 billion) for setting up mega steel units in Orissa, but their actual investment was negligible even about half a decade after signing MoUs with the state government.
The report 'How America Benefits from Economic Engagement with India,' was released by influential Congressman Jim McDermott. India's deputy ambassador to the US Arun Singh was also present on the occasion.
The two partners have said they will produce 150,000 vehicles as part of their phase I plans from their existing facilities and they said, the greenfield facility is "very much" on the cards.
The greenfield airport project at Navi Mumbai is likely to get the final environmental nod by October and the bidding process expected to begin by the year-end, Civil Aviation Minister Praful Patel said on Monday.
Dow Chemical Company is once bitten, twice shy. Close on the heels of its US parent's move to deny liability for damages resulting from the Bhopal gas tragedy at a plant run by Union Carbide (a company it had bought), Dow India has called off a greenfield project to establish a research & development facility in Maharashtra.
Industry experts say that even though international companies face problems in setting up new projects on their own, given the problems associated with acquiring land and rehabilitating the displaced people, their keenness to become a part of the growing Indian market remains intact.
American companies have so far not evinced any interest in investing in the huge Indian infrastructure market, which is estimated to be worth over $200 billion, Civil Aviation Minister Praful Patel said on Tuesday.
The Indian government's identification of two 'greenfield' sites for commercial nuclear development, that will utilise US technology has been welcomed by the US-India Business Council (USIBC).
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
The plan is to have five brand new cities, which are bigger than Navi Mumbai, in the next five years.
Adani, which already has mining and environmental licences from the state government, requires the state approvals on management plans on the endangered finch bird and groundwater in order to commence the mine construction.
It will allow states to detain students in class 5 and class 8 if they fail in the year-end exam.
Yoga guru Ramdev's company to invest Rs 5,000 crore in four units in the next 500 days to boost production.
Civil Aviation Minister Suresh Prabhu and Chief Minister Pinarayi Vijayan jointly flagged off the inaugural Air India Express flight, carrying 186 passengers to Abu Dhabi.
The company which is facing a capacity saturation for its tractors -- a segment where its the market leader with 41 per cent share -- is looking to have an additional capacity in place for future demand.
The two-and-a-half-year-old Hotel Sahara Star, the only luxury establishment owned by Sahara Hospitality, currently has an inventory of 223 rooms.
Oxford University neuroscientist Baroness Susan Greenfield has claimed that too many online acitivities can re-programme the brain, thereby causing abnormal behaviour.
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