Jan 05, 2023 Foundation stones laid for Rs 75,000 crore projects in Maharashtra Prime Minister Narendra Modi laid the foundation stone and dedicated to the nation various projects worth more than 75,000 crore in Maharashtra. It includes national rail projects worth more than 1500 crore, National Institute of One Health (NIO), Nagpur and Nag river pollution abatement project, Nagpur.
Jan 05, 2023 Real estate gets over Rs 58,502 crore investment The Real Estate sector and urban infrastructure drew investment intent of a whopping Rs 58,502 crore at Make-in-Odisha (MIO) Conclave 3.0. The investment intents worth Rs 58,502.55 crore were received from 22 potential investors who have signed MoUs with state government for future investments.
Jan 05, 2023 GX Group gets Rs 200 crore grant for expansion Telecom gear maker GX Group has received the commitment of Rs 200-crore capital infusion from the Netherlands government-backed Investment International in the form of grants. The company will use the fund for research and development as well as expansion on manufacturing in India
Jan 05, 2023 Blox received fund for expansion Technology-based real estate buying platform Blox has raised nearly Rs 100 crore, in a series A funding round - the largest in the proptech sector in India. The company is planning to utilise the funds raised for market expansion, boosting the product portfolio, and building data infrastructure across customers, brokers, and developer segments.
Jan 05, 2023 Government invests over Rs 5,000 crore more in SWAMIH Investment Fund The government of India has invested over Rs 5,000 crore in the SBICAP Ventures-backed SWAMIH Investment Fund I, set up under the Special Window for Affordable and Mid-Income Housing, taking its final close to Rs 15,530 crore. This is amongst the biggest corpus raised by any funds in India in the last few years.
Jan 05, 2023 MERC approved 959 MW renewable energy for procurement The Maharashtra Electricity Regulatory Commission has given approvals to three power utility firms in Mumbai for procurement of 959 MW of renewable energy for city consumers. In the first order, it allowed BEST to procure 234 MW solar power from Solar Energy Corporation of India (SECI).
Jan 05, 2023 Government to build transmission of 500 GW green energy by 2030 The government launched a plan for building a transmission system for evacuating 500 gigawatts (GW) of non-fossil based energy by 2030. The plan provides transmission service providers with investment opportunities of about Rs 2.44 lakh crore.
Jan 05, 2023 NTT India to invest $ 2 billion in data centres NTT India has earmarked around $ 2 billion to boost information and communications technology infrastructure in the country over the next three-four years, aiming to tap the rise in data consumption. New data centres, cloud computing, submarine cable landing stations and solar parks are key areas where NTT India's capex is planned
Jan 05, 2023 Uttar Pradesh plans to invest Rs 40,000 crore in energy sector Uttar Pradesh has set a target of Rs 40,000 crore investments in the energy sector to meet an estimated peak demand of 53,000 megawatt (MW) by 2028. The bulk of these investments will be by private sector companies. The state’s peak energy demand stands at 26,000 MW now.