The Andhra Pradesh government has cleared proposals from 14 investors to start new industries in the state. Investors have proposed to invest about Rs. 16,000 crore in 14 units, which can provide over 30,000 jobs. The state Investment Promotion Board has cleared the proposals and forwarded them to Chief Minister YS Jagan Mohan Reddy.

ASK PIA, the real estate private equity arm of ASK Group, has invested Rs. 200 crore in Kalpataru Group’s mid-income housing project at Baner, Pune. This is an ongoing mid-segment residential project on 16 acres with a saleable area of 1.9 million sq ft, comprising over 1,200 units.

The government has given in principle approval to 422 ethanol projects, which may add 1,675 crore litres to the annual production capacity. These projects, which are likely to entail a total investment Rs. 41,000 crore, would get soft loans from banks. This would benefit farmers and fast-track ethanol blending with petrol.

The National Investment and Infrastructure Fund Ltd has announced an investment of Rs. 2,100 crore in Bengaluru-based Manipal Hospitals through its Strategic Opportunities Fund (SOF), taking into account the strong governance, processes and track record of Manipal Hospitals, which has 15 multi-speciality hospitals in the country.

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has entered into a memorandum with the World Trade Center (WTC) to facilitate trade and investment in Faridabad. WTC has wide access to global corporates through their offices all over the world.

The International Finance Corporation, the World Bank’s lending arm, will invest up to $15 million (Rs. 111.6 crore) in Anglo-Dutch investor Prime Ventures’ latest fund Seabright. The investment will be capped at 20 per cent of the total fund size. IFC also proposes a co-investment of up to $15 million.

Ford Motor Co expects to firm up capital allocation plans for India in the second half of 2021, as the automaker overhauls its strategy in a loss-making market. The carmaker has tasked Steven Armstrong with evaluating investment plans for India in his new role as transformation officer, South America and India.

Institutional investments continued the momentum during the first-quarter of calendar 2021, registering a 21 per cent growth in volumes at $922 million ($763 million), indicating sustained investor interest in the domestic real estate market, according to JLL’s Capital Markets Update for Q1 2021.

Rajasthan’s recently constituted Board of Investment chaired by Chief Minister Ashok Gehlot has given final approvals to investment projects worth Rs 1.67 lakh crore, a majority of which are in the renewable energy sector.