An investment of Rs 50,000 crore will be made to boost infrastructure along national waterways in the next five years, according to an official statement on Friday. According to the statement, the investment proposals were announced in Inland Waterways Development Council (IWDC) meeting at Kohora in Kaziranga. "IWDC bats for major infra upgrade on National Waterways, to invest Rs 50,000 crore in five years," the statement said. IWDC was organised by the Inland Waterways Authority of India (IWAI), the nodal agency for development of waterways under the Ministry of Ports, Shipping & Waterways (MoPSW). According to the statement, a major policy initiative in the form of Riverine Community Development Scheme was mooted at the IWDC meet to improve the socio-economic well-being of coastal communities by developing infrastructure. Speaking at the event, Ports, Shipping and Waterways Minister Sarbananda Sonowal said 1,000 green vessels will be launched in the next five years to boost ...
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The equity market showed remarkable strength, with the Sensex delivering 8.7 per cent year-to-date, while the mid-cap and small-cap indices returned 26.7 per cent and 30.6 per cent, respectively
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Chhattisgarh has attracted investment proposals worth Rs 15,184 crore by top companies in various sectors, including semiconductor, EV and renewable energy, an official statement said on Monday. At the investors connect meet here, key industrialists from both India and abroad engaged in detailed discussion with Chhattisgarh Chief Minister Vishnu Deo Sai to explore investment opportunities in the state. The discussions were focused on exploring potential investments that will boost the state's industrial growth and create thousands of employment opportunities, the statement from the state government said. Investors from various sectors showed keen interest in setting up business in the state. The highest investment proposal of Rs 11,500 crore came from Renew Power Limited. Company's Chairman and CEO Sumant Sinha said the proposal was for setting up pump storage and green hydrogen projects in the state. Other investment proposals include Rs 1,650 crore by TWI group for setting up .
From the marble statues of Sirohi to honey made in Bharatpur, each district has something distinct
Bharti Airtel, data centre company CtrlS, and personal computer maker Holoware have submitted their proposals for investments in Bihar under the state's new IT Policy, 2024, senior government officials said on Thursday. Speaking at the Bihar Business Connect 2024 here, IT Secretary Abhay Kumar said that the incentives under the state's IT Policy 2024 are the best compared to the policies of any other state. He said the state has received tremendous response from investors. "Airtel and Ctrls are in a very advance stage. They have already taken stage 1 clearance. They are submitting financial proposals and very soon you will see their actual investment happening," Kumar said. He said Chennai-based Holoware is also investing in the state for manufacturing of IT hardwares. "They (Holoware) are putting up their factory for laptop PCs. One of their proposals of Rs 30 crore is already cleared, and in time to come they are supposed to make an investment of Rs 300 crore," Kumar said. He .
The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by the central bank for the current fiscal
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The government on Tuesday said investment of Rs 1.46 lakh crore have been realised, resulting in incremental production and sales of over Rs 12.50 lakh crore across 14 PLI sectors till August this year. In a written reply to the Lok Sabha, Commerce and Industry Minister Piyush Goyal said that keeping in view India's vision of becoming self-reliant, Production Linked Incentive (PLI) Schemes for 14 key sectors have been announced with an outlay of Rs 1.97 lakh crore to enhance manufacturing capabilities and exports. "As on August 2024, across 14 sectors, investment of Rs 1.46 lakh crore have been realised, which has resulted in incremental production/sales of over Rs 12.50 lakh crore, employment generation of over 9.5 lakhs, and exports surpassing Rs 4 lakh crore," he added. Incentives of Rs 2,968 crore in eight sectors and Rs 6,753 crore in nine sectors during 2022-23 and 2023-24, respectively, have been disbursed. As of date, 764 applications have been approved under PLI schemes
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