Government Of Odisha Approves Eight Investment Proposals Worth Rs. 1,609.49 Crore | Business Standard News
/ -- The Government of Odisha has approved eight more investment proposals worth Rs.1,609.49 crore in the 89th State Level Single Window Clearance Authority (SLSWCA) meeting. The meeting was held under the Chairmanship of Chief Secretary, Shri Asit Kumar Tripathy in Lok Seva Bhawan conference hall today wherein Shri Hemant Sharma, Commissioner-cum-Secretary, Industries outlined the project proposals for consideration. These proposals will create employment opportunities for 1450 people. The projects were approved in food processing, chemicals, plastics, tourism, steel downstream and infrastructure.
Presenting the Union Budget in Parliament, Sitharaman said Rs 1.7 trillion has been provided for transport infrastructure in 2020-21.: To augment India's infrastructure and create jobs, the government has launched Rs 103 trillion infra projects besides providing about Rs 1.70 trillion for transport infrastructure and accelerating highways construction, Finance Minister Nirmala Sitharaman said on Saturday. Presenting the Union Budget 2020-21 in Parliament, Sitharaman said focus is on infrastructure for economic development and 6,500 projects across sectors under National Infrastructure Pipeline (NIP) envisions ease of living for citizens.
ESR on Monday said it has acquired 76.84 acre of land in Gurugram, Haryana to develop a logistic park. ESR-- the largest APAC focused logistics real estate platform-- said in a statement that it will develop a logistics park in Sohna, South Gurugram spread over 76.84 acre. "ESR acquired the land-parcel, formerly a part of keystone knowledge park, the first and only premier life science and technology ecosystem in Northern India from the Mayar Group," the statement said. The park is expected to support last-mile delivery for national and global businesses especially e-commerce.
Steadfastly treading the path of economic reforms, implementing investor-friendly policy interventions and ensuring speedy implementation of infrastructure projects is key to realising India's vision of becoming a $5 trillion economy by 2024.
Last week, the finance minister unveiled Rs 102 lakh crore of infrastructure projects that will be implemented in the next five years as part of the government's spending push in the infra sector.
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DIF CIF I, Geogas Maritime and Access Capital will own a 50% stake in the five assets. : DIF Capital Partners has partnered with Geogas Maritime and Access Capital Partners to invest a portfolio of liquefied natural gas (LNG) tank ships. The infrastructure manager said its DIF Core Infrastructure Fund I fund together with its partners will own a 50% stake in a French incorporated company that will own and operate a fleet of five yet-be-built LNG carriers. The remaining 50% will be held by Japanese shipping and logistics firm Nippon Yusen Kabushiki Kaisha.
The cumulative investments of these projects would run up to Rs 5,000 crore. Most of these projects are likely to come up by 2020 end, Mitra said, adding that Reliance and Future groups have already made a strong foot print in the state with modern warehousing.
The proposed debt funding will go towards developing and operating a 50MW wind power plant in the Thatta district of the country's Sindh province. The post FMO mulls $1.7m investment in Pakistan-based energy firm Lakeside appeared first on DealStreetAsia.
French state-controlled energy group EDF has agreed to buy Pivot Power, a British start-up company that specializes in battery storage and infrastructure for electric vehicle charging points.