Asian Infrastructure Investment Bank (AIIB) is expected to provide $800 million for the 4th corridor of phase-II of Chennai Metro. Officials are urging the introduction of a ‘Make in India’ clause after Shanghai Tunnel Engineering Co (STEC) emerged as the lowest bidder.

Nearly 88,000 MSME units in Gujarat have got clearance of loans in a fortnight from nationalised banks, amounting to Rs. 5373 crore. Of these, the banks have already distributed Rs. 2428 crore worth of loans to approximately 31,000 MSME units.

Coal India has decided to increase investment in first-mile connectivity (FMC) projects to touch a total of Rs. 15,700 crore, encompassing 14 additional projects from its earlier count of 35. Under Phase-I of the project, the state-owned miner has zeroed in on 35 projects, each having 4 mt of capacity

Investment trade body Asia-Pacific Real Estate Association (APREA) has approached the Reserve Bank of India to allow overseas funds to invest in debt securities issued by Real Estate Investment Trusts (REITs) and Infrastructure investment trusts (InvITs).

The government has approved an additional Rs. 1,691 crore for highway works by the Border Roads Organisation (BRO) in Jammu & Kashmir and Uttarakhand for 2020-21. Of this, Rs 1,351.10 crore is for road works in Jammu & Kashmir, the road transport and highways ministry said in a communication to the Border Roads Development Board.

The Cellular Operators Association of India (COAI) has signed a memorandum of understanding with global forum 5G Alliance for Connected Industries and Automation, or 5G-ACIA, to give shape to India’s 5G mobile communications in different industries.

The state cabinet has allowed development of seven properties of Maharashtra Tourism Development Corporation by private parties; it has also allowed setting up of eco-friendly shacks at 8 beaches. The time period for leasing these MTDC properties and the lease rent amount will be fixed by a high level committee.

Goa’s entire rural population will have water connections by 2021 and the state could be one of the first to achieve the Centre’s Har Ghar Jal mission. The Centre has also urged Goa to utilise existing resources, especially convergence of central schemes for judicious use of funds.

Industrial Entrepreneurs Memorandum (IEM) was filed with Department of Industrial Policy & Promotion on 09/03/2020 Precast Elements, Walls, Panels, Beams, Slabs.