The Central government and the Asian Development Bank have signed a $300 million loan agreement as financing for rural connectivity in Maharashtra.

The Maharashtra government has given administrative approval of Rs. 26,831.24 crore for the proposed 173.7 km Outer Ring Road for Pune city, and signed a concession agreement with the Maharashtra State Road Development Corporation.

The Cabinet Committee of Economic Affairs has approved a foreign direct investment proposal worth Rs. 15,000 crore by Anchorage Infrastructure Investment Holding Ltd, the investment vehicle of Fairfax India for airports and other infrastructure. Fairfax is the majority owner and controller of Bangalore International Airport Ltd with a 54 per cent stake.

Private airport operators are expected to spend around Rs. 42,000 crore on capacity expansion over the five years through fiscal 2026 as they are confident of air traffic growth in the long term, Crisil Ratings has said. The amount will be more than double the capital expenditure they incurred in the previous five financial years.

To achieve adoption of at least 20 per cent electric vehicles in all vehicle registrations by 2025, the state cabinet has approved the Odisha Electric Vehicle (EV) Policy, 2021 which also aims to promote manufacturing of electric vehicles and its components including batteries in the Odisha.

The government will support the setting up of the semiconductor industry in India, which will also help reduce foreign exchange outflows, Commerce Minister Piyush Goyal said, soon after the Tata Group announced its intention to enter the business, at a time when there is a global shortage of the product.

Barclays Plc plans to pump more than $400 million into its India arm to tap rising corporate and investment banking activity. This is the British lender’s largest capital infusion in the Indian business in 30 years, coming after it pulled out of the country’s retail business in 2011 and equity investment business in 2016.

Eldeco Infrastructure and Properties Ltd, part of Eldeco Group, has partnered HDFC Capital Affordable Real Estate Fund 1, a fund managed by HDFC Capital Advisors Ltd, for a platform focused on the development of low-rise, plotted development projects in Tier II cities in the National Capital Region (NCR).

The state will formulate a private industries policy in six months as part of its efforts to encourage small-scale businesses. A private industrial park will be set up in every Assembly constituency and single-window clearance will be given to small-scale enterprises, according to a Kerala minister.