Investment Proposals

17 pacts signed for investments worth Rs 2,110 crore in Himachal: CM

The state government participated in the country's largest pharma expo and 17 agreements for an estimated investment of Rs 2,110 crore were signed on this occasion, Chief Minister Sukhvinder Singh Sukhu said on Friday. Expressing pleasure over the intent shown by investors in the state, he assured full support and commitment by the state government to facilitate the investors in grounding the proposed projects in a time-bound manner, thereby ensuring that Himachal always remains the preferred investment destination, a statement issued here said. Himachal Pradesh showcased the pharma ecosystem of the state to invite potential pharma device players for investments in the upcoming Bulk Drug Park and Medical Devices Park in the state. Himachal Pradesh is the only state in the country that is developing a 1,405.41-acre Bulk Drug Park at Una and a 300-acre Medical Devices Park at Nalagarh.

Odisha receiving numerous proposals, govt focused on job creation: Patnaik

Noting that "transparency in governance" has created the right ecosystem for investors in Odisha, with the state receiving numerous proposals for setting up of manufacturing and service industries, Chief Minister Naveen Patnaik on Thursday said his government was working sincerely to develop all segments. Patnaik, during a discussion in the Assembly, also said that Odisha has the potential to emerge as a leading state in many sectors. "Our prudent fiscal management has enabled Odisha to be a revenue surplus state. In the coming years, I am confident that Odisha will be making rapid and transformative progress which will result in socio-economic empowerment and development across all segments. "The transparent, sensitive and stable governance provided by us has created the right ecosystem for the investors, with the state receiving numerous proposals for setting up of manufacturing and service industries in Odisha," the CM underlined. He said the new Industrial Policy Resolution-202

UP govt gets investment proposals worth crores in Azamgarh, Lakhimpur Kheri

The Uttar Pradesh govt has received investment proposals worth crores of rupees in Azamgarh, Rampur, and Lakhimpur Kheri which would benefit thousands of youth by providing employment opportunities

Yogi asks officials to get investment proposals implemented on ground

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday directed officials to get investment proposals received during the Global Investors Summit implemented on the ground. The chief minister held a special meeting with additional chief secretaries, principal secretaries and CEOs of Industrial Development Authorities of all departments at his 5 Kalidas Marg residence. He reviewed the proposals department-wise and gave necessary guidelines for their implementation. According to a statement issued here, he said that during the summit the state received more than Rs 13,000 proposals worth more than Rs 16 lakh crore, which have been prepared for immediate implementation by the investors. He directed officials to constitute an investment implementation unit for monitoring and implementation of investment proposals and depute a nodal officer for every Memorandum of Understanding (MoU) signed. He also asked to depute "Udyami Mitra" for helping entrepreneurs.

Investment proposals worth Rs 33.5 trn received in GIS, says CM Adityanath

Investment proposals have been made for all 75 districts of Uttar Pradesh in the Global Investors Summit, unlike earlier when investment in the state, meant only in the areas falling in the National Capital Region, Chief Minister Yogi Adityanath said on Sunday. He also said these proposals will lead to the creation of 93 lakh job opportunities and asserted that the state is a safe destination for investment. "The investment that will come into Uttar Pradesh will foster development. Investment proposals worth Rs 33.5 lakh crore were received in the Global Investors Summit. With this investment, 93 lakh jobs and employment will also be created," he said on the third and last of the event, attended by industry delegations and corporate leaders from the country and the world. On the concluding day, President Droupadi Murmu also addressed the summit and said the state is "capable and ready" to become India's growth engine. The chief minister said, "Earlier investment in the state meant

UP gets Rs 21 trn investment proposals; PM to inaugurate GIS on Friday

Earlier, the global roadshows had clocked investment proposals of about Rs 7 trillion from global biggies representing different continents and sectors

UP GIS-23: 56% investment proposals received in manufacturing sector

The Manufacturing sector among all other sectors has attained close to 56 per cent of the total investment

Noida gets investment intents worth Rs 5.86 trn ahead of investor summit

Gautam Buddh Nagar, which includes industrial cities of Noida and Greater Noida, has received investment proposals worth Rs 5.86 lakh crore since the announcement of Uttar Pradesh Global Investors Summit in November 2022, according to district officials. The UP Global Investors Summit is scheduled from February 10 in Lucknow and the state government, led by Chief Minister Yogi Adityanath, has set a target of Rs 17 lakh crore investments through the ambitious drive. In the run-up to the GIS, Adityanath had also instructed state officials to hold investment summits at district-level in each of the 75 districts of the state, while road shows are being held in other states and foreign countries as well to attract investments. "The district-level investor summit in Gautam Buddh Nagar was held on January 20 during which investment proposals worth Rs 11,502 crore from around 250 investors were received," Deputy Commissioner (Industries) Gautam Buddh Nagar Anil Kumar said. "So far in Gauta

Piyush Goyal discusses investment opportunities with US executives in NY

Commerce and Industry Minister Piyush Goyal met with chief executives of leading global corporations as well as industry stakeholders here and discussed investment opportunities in India and areas to further strengthen the bilateral trade partnership with the US. Goyal, who is in the US on an official visit, held a series of meetings with the CEOs of investment and financial giants on Monday. Following a meeting with smart and sustainable buildings solutions provider Johnson Controls Chairman and CEO George Oliver, Goyal tweeted that he exchanged views on enhancing company's role in decarbonisation & developing sustainable buildings in India. They also discussed developing security products through Research and Development, the Internet of Things and Artificial Intelligence. In his meeting with the CEO and Chairman of investment management giant Blackstone Stephen Schwarzman, Goyal discussed expanding India's investment landscape, including infrastructure, renewables and green ...

Business bites: How have winners of Shark Tank India 1 fared so far

A year later as season 2 begins, start-ups that 'sharks' invested in vouch for marketing gains from it but only a few have raised funds subsequently

Karnataka clears investment proposals worth more than Rs 2,000 cr

The Karnataka government has cleared a total of 59 investment proposals worth Rs 2,627.88 crore, promising to create 9,764 jobs. The proposals were cleared at the 136th State Level Single Window Clearance Committee (SLSWCC) meeting held under the chairmanship of State Large and Medium Industries Minister Murugesh R Nirani here on Monday. The committee considered and approved seven important large and medium size industrial projects with investments of more than Rs 50 crore. These projects worth Rs 852.06 crore are expected to create employment opportunities for 3,860 people in the state, the Ministers office said in a statement. It said the SLSWCC also cleared 48 new projects with investments of more than Rs 15 crore and less than Rs 50 crore. These projects worth Rs 923.09 crore would generate jobs for 4,444 people in the state. Four projects of additional investment have also been approved which will result in an investment of Rs 852.73 crore and would generate 1,460 employment .

Odisha receives 145 investment proposals worth Rs 7.26 trn so far

The Odisha government on Thursday said it has so far received 145 investment proposals worth over Rs 7.26 lakh crore in the current edition of the business summit. The Naveen Patnaik government signed 21 MoUs with various companies on the second day of the 'Make In Odisha' Conclave 2022. The JSW Group alone committed an investment of Rs 1 lakh core in the state, an official said. Odisha industries secretary Hemant Sharma stated that the investment intents worth Rs 7,26,128.45 crore, if grounded, would create employment opportunities for over 3.20 lakh people. The third edition of the business summit was attended by representatives of different corporate houses such as LN Mittal, Anil Agarwal, Sajjan Jindal, TV Narendran, Naveen Jindal, Karan Adani, Praveer Sinha and delegates from 11 countries. During the day, the state government unveiled 'Renewable Energy Policy 2022' in the programme. Chief Minister Naveen Patnaik have already assured the investors of all supports for setting

McLeod Russel India lenders likely to discuss Carbon Resources proposal

The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore

Andhra clears Rs 1.26-trn investment proposals to create direct employment

: The Andhra Pradesh State Investment Promotion Board (SIPB), headed by Chief Minister Y S Jagan Mohan Reddy, on Monday approved various investment proposals worth Rs 1,26,748 crore that would create 40,330 direct employment over the next seven years. Of the total, Rs 81,000 crore would be invested on green energy projects that would generate 17,930 MW of power, the Chief Minister's Office said in a release. Besides, two other solar power plants with a total capacity of 60 GW are also proposed. According to the release, the SIPB approved a proposal from Causis E-Mobility for an investment of Rs 386.23 crore on an electric bus-manufacturing unit at Kopparthy in YSR district. The venture would create over 1,200 jobs. The release said Lyfius Pharma would invest Rs 1,900 crore on its drug manufacturing unit in the Kakinada SEZ. For this, the State government allotted 236.37 acres of land. The unit would be ready by April 2024, providing employment to 2,000 people. Inosol Solar Privat

Karnataka govt clears 53 investment proposals worth Rs 2,750 crore

The Karnataka government on Saturday cleared a total of 53 investment proposals worth Rs 2,750.55 crore, which is expected to generate over 8,000 jobs. In the 134th State Level Single Window Clearance Committee (SLSWCC) meeting held at Karnataka Udyog Mitra office, nine investment proposals with each one above Rs 50 crore were approved and these firms would invest around Rs 1,670.69 crore by creating 4,308 employment opportunities. In a statement, Large and Medium Industries Minister Murugesh Nirani, who chaired the meeting, said 41 investment proposals above Rs 15 crore were approved with promised investment of over Rs 1,062 crore and 4,311 jobs expected to be generated. "Today's clearance will further boost investments in the state in the run-up to the Global Investors' Meet scheduled on November 2, 3 and 4," he was quoted as saying. Major projects, which got the clearance by the SLSWCC, were Ukem Agri Infra Ltd, Sundari Sugars Ltd, Everest Industries, Koppal Toys Moulding, Aequs

Bengal received Rs 2,000 cr investment proposals in food processing sector

West Bengal has received investment proposals worth Rs 2000 crore in the food processing sector and the state may consider raising the subsidy in future from the current levels, West Bengal Food Processing Minister Subrata Saha said on Friday. The minister, who was speaking at the inauguration of the 19th International Foodtech Kolkata 2022 exhibition, said that since the Bengal Global Business Summit 2022 in April over 50 memorandum of understanding of more than Rs 2000 crore have been signed with various domestic and foreign enterprises. The state has passed a proposal to grant subsidies of up to Rs 10 lakh to enterprises setting up projects in the food processing sector in Bengal, the minister said. This subsidy may be increased in future to reach out and attract investments, Saha stated. The three-day mega business to business event is being participated by packaging, confectionery, bakery, dairy and hotel and allied services sectors. Director of Food Processing Industries of

Chhattisgarh gets investment proposals worth more than Rs 90,000 crore

The state government has introduced a single-window system to provide clearance

NLC India board approves investment proposals worth Rs 14,945 crore

NLC India Ltd on Thursday said its board has approved investment proposals worth Rs 14,944.91 crore for setting up power and mining projects in Tamil Nadu. The company, which comes under the coal ministry, plans to invest over Rs 43,000 crore in various power and mining projects. According to a regulatory filing, the company's board of directors has approved the investment proposal for establishing Mine III (peak Capacity-11.50 MTPA & Normative capacity- 8.71 MTPA) at Neyveli, Tamil Nadu at an estimated cost of Rs 3,755.71 crore. The board has also given its go-ahead to the investment proposal to set up "TPS II 2nd Expansion Thermal Power Station (2 X 660 MW) at Neyveli, Tamil Nadu at an estimated cost of Rs 11,189.20 crore". NLC India has presence in TamilNadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman and Nicobar Islands. The company operates three opencast lignite mines of total installed capacity 28.50 Million Tonnes Per Annum (MTPA) at Neyveli, one opencast ...

Britannia Industries' shareholders reject Rs 5,000 cr investment proposal

Britannia Industries' shareholders have voted against a resolution to authorise the board to make investments, give loans and provide guarantees of up to Rs 5,000 crore in the AGM concluded last week

West Bengal received Rs 3.42 trn investment proposals at biz summit: Mamata

Investment proposals worth Rs 3.42 lakh crore were received by West Bengal in this year's business summit, CM Mamata Banerjee said