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Government approved PLI-II worth Rs 17,000 crore
  10 Aug 2023

Government approved PLI-II worth Rs 17,000 crore

The cabinet approved the second phase of the production-linked incentive (PLI) scheme for IT hardware with a budgetary outlay of Rs 17,000 crore, more than doubling the incentives in the initial version of the plan aimed at attracting global companies like Dell, HP, Apple and Samsung to manufacture in India.

AWS to invest $12.7 billion in India’s cloud infrastructure
  10 Aug 2023

AWS to invest $12.7 billion in India’s cloud infrastructure

Amazon Web Services (AWS) announced to invest Rs 1,05,600 crore into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in India. This investment is estimated to contribute Rs 1,94,700 crore to India’s total gross domestic product (GDP) by 2030.

STT GDC to invest Rs 2,000 crore in Pune data centres
  10 Aug 2023

STT GDC to invest Rs 2,000 crore in Pune data centres

Singapore-based STT Global Data Centres’ India arm is planning to invest around Rs 2,000 crore to develop two new data centers in its existing campus in Pune’s Dighi locality taking its total capacity to over 80 MW of IT load in this hub alone.

Thyssenkrupp build new tech centre in India
  10 Aug 2023

Thyssenkrupp build new tech centre in India

Thyssenkrupp, a diversified industrial group, has set up a new technology centre in India which would be leading the group’s digitalisation and drive transformation in the engineering and manufacturing sector. The new facility at Hinjawadi in Pune is the only such hub for digitalisation for the group globally.

GDA to reassess Metro link to Sahibabad
  10 Aug 2023

GDA to reassess Metro link to Sahibabad

The Ghaziabad Development Authority (GDA) plans to develop a major interchange at Sahibabad, connecting the existing Rapid Rail Transport System (RRTS) corridor to the proposed Metro extension from Sector 62 to Sahibabad.

SIDBI signs MoU with UP for MSMEs, green projects
  10 Aug 2023

SIDBI signs MoU with UP for MSMEs, green projects

Small Industries Development Bank of India (SIDBI), signed a memorandum of understanding (MoU) with the Uttar Pradesh (UP) government’s Department of MSMEs and Export Promotion to help develop private industrial parks in the state under the latter’s PLEDGE scheme.

PVR to invest Rs 700 crore for new screens
  10 Aug 2023

PVR to invest Rs 700 crore for new screens

Newly merged multiplex giant PVR Inox is ready with a plan to add up to 175 new screens and retrofitting a host of existing ones at an investment of Rs 700 crore during FY24. PVR Inox is expected to spend cumulatively close to Rs 700 crore in FY24 for adding new screens and retrofitting existing ones with new tech, formats, ambience, among other features.

Bhopal airport to go green
  09 Jun 2023

Bhopal airport to go green

In order to achieve zero carbon emission on the campus of Bhopal’s Raja Bhoj airport, the Airport Authority of India (AAI) has launched electric vehicles. The campaign has begun with the launching of two EVs on the campus. Airports are significant sources of carbon emissions due to their large energy demands.

Godrej Properties to acquire multiple land parcels for housing projects
  09 Jun 2023

Godrej Properties to acquire multiple land parcels for housing projects

Godrej Properties will acquire multiple land parcels this fiscal having sales revenue potential of around Rs 15,000 crore post-development. Last fiscal, Godrej Properties was very aggressive on land acquisition and added 18 new land parcels with sales potential of Rs 32,000 crore post-development.

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