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.

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.

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, 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.

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.

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.

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.

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 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.