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Project Reporter

  24 Feb 2021

Defence Acquisition Council approves proposals worth Rs 27,000 cr

The Defence Acquisition Council under Defence Minister Rajnath Singh has approved capital acquisition proposals for various weapons, platforms, equipment and systems required by the Army, Navy and Indian Air Force worth approximately Rs. 28,000 crore. This was the first meeting of the DAC under the new regime of Defence Acquisition Procedure 2020

  24 Feb 2021

Karnataka approves EV manufacturing projects of nearly Rs 23,000 cr

The Karnataka government has approved investments of Rs. 22,419 crore under three proposals involving electric vehicle and lithium-ion battery manufacturing. Two proposals of Elest Pvt Ltd worth Rs. 14,255 crore and Rs. 6,339 crore, and a Rs. 1,825 crore project by Hyunet Pvt Ltd, were cleared by the State High Level Clearance Committee.

  24 Feb 2021

Chhattisgarh signs MoU for country's first ethanol plant to be set up under PPP model

The Chhattisgarh government has signed a contract execution memorandum for the country's first ethanol plant to be set up under the public-private partnership (PPP) model. The contract was signed by Bhoramdev Cooperative Sugar Factory Kawardha and Chhattisgarh Distillery Ltd's subsidiary NKJ Biofuel for a period of 30 years.

  24 Feb 2021

UAE to invest 7 billion dollars in India's food sector

India and the United Arab Emirates have signed an agreement under which the UAE will invest $7 billion in a food processing complex in India. Eight food processing units will be set up in Madhya Pradesh, which will purchase grains, fruits and vegetables directly from farmers. The value-added products will be exported.

  24 Feb 2021

Real estate, infrastructure sectors in 2021: The road ahead

One of the main impacts of the pandemic for the real estate and infrastructure sectors has been the increased desire for risk mitigation by developers. This was manifest in two of the largest office space portfolio divestments this year. Tailwinds for commercial real estate to are expected to continue in 2021.

  24 Feb 2021

Migsun Group acquires Ansal IT City Park in Greater Noida

Delhi-based Migsun Group has announced the acquisition of HDFC and Ansal Properties & Infrastructure Ltd's stake in Ansal IT City Park (SEZ) Tech Zone, Greater Noida and plans to develop the 37.5 acre mixed-use project. With this, Migsun Group will have a 100 percent stake in the park.

  24 Feb 2021

Telangana sets aside 992 acres for MSMEs

To promote micro, small and medium enterprises (MSMEs), the Telangana State Industrial Infrastructure Corporation (TSIIC) has kept nearly 992.67 acres of vacant plots available for such enterprises across 52 industrial parks in the state. They have been made available at just a click of a button on the TSIIC website using GIS mapping.

  24 Feb 2021

Telangana seeks Central aid for Pharma City

The Department for Promotion of Industry and Internal Trade has recognised the importance of Hyderabad Pharma City project for India’s pharmaceutical sector and has accorded it the status of National Investment and Manufacturing Zone, a Telangana minister has pointed out to the Centre in a letter asking for Rs. 870 crore this fiscal in special funds.

  24 Feb 2021

JNPT board clears privatisation of self-operated container terminal

The board of trustees of Jawaharlal Nehru Port Trust (JNPT) near Mumbai has cleared a proposal to privatise the container terminal run by the port authority. The proposal for India’s biggest state-run container gateway was cleared with six trustees voting in favour, while the two labour representatives voting against it

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