Jun 20, 2023 StemCures to build stem cell manufacturing lab in Hyderabad US-based StemCures will establish a manufacturing lab in Telangana with a focus on stem cell therapy to create the largest stem cell manufacturing plant in India. The facility will be set up with the investment potential of around $ 54 million.
Jun 20, 2023 HDFC Capital invests about Rs 560 crore in housing HDFC Capital Affordable Real Estate Fund has invested close to Rs 560 crore in a housing project being developed by CCI Projects. The investment will be utilised for paying off the current debt and as working capital for development of upcoming phases.
Jun 20, 2023 TIDCO calls for proposal for Aerospace Industrial Park at Sulur The Tamil Nadu Industrial Development Corporation (TIDCO) has floated a Request for Proposal (RFP) for selecting a consultant for preparation of techno economic feasibility report for setting up Aerospace Industrial Park at Sulur in Coimbatore.
Jun 20, 2023 UP alloted Rs 146 crore as rebate for mega projects The state government has allocated over Rs 146 crore as reimbursement of the first installment of concessions to eight mega projects under the Uttar Pradesh Industrial Investment Policy. Most of these projects are those for which MOUs were signed during the February 2023 Global Investors Summit.
Jun 20, 2023 J&K embarks on Rs 3000 crore infra upgrade in Srinagar The administration of Jammu & Kashmir’s Union Territory has embarked on a Rs 3,000 crore infrastructure upgrade in Srinagar City. Upon the completion of this ambitious project, the markets of Lal Chowk and old Srinagar will exude the vibrancy and modernity reminiscent of bustling cities.
Jun 20, 2023 CapitaLand to raise Rs 2,500 crore for IT parks in India Singapore-based CapitaLand Investment is planning to raise about $300 mn through one of its private funds for developing IT and business parks in India.
Jun 20, 2023 JSW Steel gets board approval to raise up to Rs 18,000 crore JSW Steel approved an enabling resolution to raise up to Rs 18,000 crore. The company will raise up to $1 billion in international markets. Of the total fundraise, Rs 7,000 crore will be through non-convertible debentures with warrants and Rs 3,000 crore will be non-convertible debentures.
Jun 20, 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.
Jun 20, 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.