The Gujarat government is working on plans to set up a new fintech park that will serve the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. The government is also looking at creating a dedicated fintech policy for companies which set up at GIFT City and surrounding areas.

Infrastructure developer Dilip Buildcon has incorporated a special purpose vehicle the Dhrol Bhadra Highways project worth in Gujarat Rs. 882 crore. The project is for four-laning the Dhrol-Bhadra Patiya section of NH-151A and Bhadra Patiya-Pipaliya Section of NH151A through public-private partnership.

Dilip Buildcon has announced the provisional completion of a proiect for four-laning of the Byrapura-Challakere section of NH-150 A in Karnataka on hybrid annuity mode under Bharatmala Pariyojna. The company is entitled to a bonus of Rs. 8.84 crore for early completion, 105 days prior to the scheduled completion date.

To expedite the Ganga Expressway, UPEIDA and SBI Capital Market have signed a memorandum for generating financial resources for the project. Under the MoU, SBI Capital Market would submit its report for mobilizing finances for the project within six weeks. The Ganga Expressway would be the longest in the state

German development bank KfW has approved a loan of €545 million to the Union Finance Ministry to fund Mumbai’s Metro Line 4 and Line 4A, to expand what will be the largest metro railway network worldwide. The pact was signed recently after a year of negotiations with the agency.

The Union Finance Ministry is preparing a cabinet note to seek approval for a Rs. 6,000 crore equity infusion into two subsidiaries of the National Infrastructure Investment Fund (NIIF). The amount will be part of the Rs. 22,000 crore equity support promised for NIIF in the Union Budget 2020-21.

The Telangana government has issued an order to sanction Rs. 50 crore to the Warangal Smart City Mission, via administrative approval to the Telangana Urban Finance Infrastructure Development Corporation (TUFIDC). According the Greater Warangal Municipal Corporation (GWMC), Rs 37.64 crore against the proposed of Rs 87.64 crore were sanctioned earlier.

HSBC has got in-principle approval from the GIFT SEZ Authority to set up an IFSC Banking Unit at GIFT City, subject to other regulatory approvals.

Convergent Finance LLP, a Mumbai-based private equity fund, has invested Rs. 107 crore ($14.1 million) in Jyoti International Foods, an end-to-end supply chain solution provider in Indian food services industry, for acquiring a minority stake.