Feb 20, 2023 Airtel to invest Rs 2,000 crore in Hyderabad Bharti Airtel Group will be investing Rs 2,000 crore for setting up a large hyperscale data centre here. The company, through its data centre arm, Nxtra Data Centres, will invest the amount as capital investment for the infrastructure which will further attract investments from their customers, it said. The facility will be a hyperscale data centre with a capacity of 60 megawatts (MW) of IT load for the first phase.
Feb 05, 2023 NaBFID to lend Rs 15,000 crore to infra projects this quarter The National Bank for Financing Infrastructure and Development the newest development finance institution (DFI) to start lending last month, expects to advance Rs 15,000 crore to infrastructure projects this quarter.
Feb 05, 2023 ADB approved $1.2 bn loan for infrastructure projects The Indian government and the Asian Development Bank (ADB) signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states. The agreements would cover projects for improving the power sector and highways in the north-eastern states.
Feb 05, 2023 FM may propose to upgrade, build MSME industrial areas The Union budget is likely to propose an industrial area development scheme focused on micro, small and medium enterprises with funds to not only expand and upgrade existing industrial areas with common infrastructure but also develop new industrial areas.
Jan 05, 2023 Hinduja group to invest Rs 35,000 crore in Maharashtra The Maharashtra Government announced that the Hinduja group will be investing Rs 35,000 crore in the state. The group has identified 11 sectors for investment in the state, including infrastructure, biotech, electric vehicles, manufacturing and health.
Jan 05, 2023 ADB approved $ 250 million loan for logistics sector ADB has approved a $ 250 million policy-based loan to support India's wide-ranging reforms that aim to strengthen and modernise the country's logistics infrastructure, improve efficiency, and lower costs. The loan will finance the first sub-program of the strengthening multimodal and integrated logistics ecosystem program.
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 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 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