Page 2 - Investment Proposals

Karnataka govt clears 53 investment proposals worth Rs 2,750 crore

The Karnataka government on Saturday cleared a total of 53 investment proposals worth Rs 2,750.55 crore, which is expected to generate over 8,000 jobs. In the 134th State Level Single Window Clearance Committee (SLSWCC) meeting held at Karnataka Udyog Mitra office, nine investment proposals with each one above Rs 50 crore were approved and these firms would invest around Rs 1,670.69 crore by creating 4,308 employment opportunities. In a statement, Large and Medium Industries Minister Murugesh Nirani, who chaired the meeting, said 41 investment proposals above Rs 15 crore were approved with promised investment of over Rs 1,062 crore and 4,311 jobs expected to be generated. "Today's clearance will further boost investments in the state in the run-up to the Global Investors' Meet scheduled on November 2, 3 and 4," he was quoted as saying. Major projects, which got the clearance by the SLSWCC, were Ukem Agri Infra Ltd, Sundari Sugars Ltd, Everest Industries, Koppal Toys Moulding, Aequs

Bengal received Rs 2,000 cr investment proposals in food processing sector

West Bengal has received investment proposals worth Rs 2000 crore in the food processing sector and the state may consider raising the subsidy in future from the current levels, West Bengal Food Processing Minister Subrata Saha said on Friday. The minister, who was speaking at the inauguration of the 19th International Foodtech Kolkata 2022 exhibition, said that since the Bengal Global Business Summit 2022 in April over 50 memorandum of understanding of more than Rs 2000 crore have been signed with various domestic and foreign enterprises. The state has passed a proposal to grant subsidies of up to Rs 10 lakh to enterprises setting up projects in the food processing sector in Bengal, the minister said. This subsidy may be increased in future to reach out and attract investments, Saha stated. The three-day mega business to business event is being participated by packaging, confectionery, bakery, dairy and hotel and allied services sectors. Director of Food Processing Industries of

Chhattisgarh gets investment proposals worth more than Rs 90,000 crore

The state government has introduced a single-window system to provide clearance

NLC India board approves investment proposals worth Rs 14,945 crore

NLC India Ltd on Thursday said its board has approved investment proposals worth Rs 14,944.91 crore for setting up power and mining projects in Tamil Nadu. The company, which comes under the coal ministry, plans to invest over Rs 43,000 crore in various power and mining projects. According to a regulatory filing, the company's board of directors has approved the investment proposal for establishing Mine III (peak Capacity-11.50 MTPA & Normative capacity- 8.71 MTPA) at Neyveli, Tamil Nadu at an estimated cost of Rs 3,755.71 crore. The board has also given its go-ahead to the investment proposal to set up "TPS II 2nd Expansion Thermal Power Station (2 X 660 MW) at Neyveli, Tamil Nadu at an estimated cost of Rs 11,189.20 crore". NLC India has presence in TamilNadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand and Andaman and Nicobar Islands. The company operates three opencast lignite mines of total installed capacity 28.50 Million Tonnes Per Annum (MTPA) at Neyveli, one opencast ...

Britannia Industries' shareholders reject Rs 5,000 cr investment proposal

Britannia Industries' shareholders have voted against a resolution to authorise the board to make investments, give loans and provide guarantees of up to Rs 5,000 crore in the AGM concluded last week

West Bengal received Rs 3.42 trn investment proposals at biz summit: Mamata

Investment proposals worth Rs 3.42 lakh crore were received by West Bengal in this year's business summit, CM Mamata Banerjee said

Govt may extend scheme for investment promotion to attract investors

The government may extend the scheme for investment promotion 2017-20, with an aim to attract investors and promote economic growth of the country, an official said.

Odisha puts 23 investment projects on fast track, govt sets new timeline

Mohapatra told the concerned departments to "adhere to the timeline scrupulously", it said

Govt sets up single-window clearance to expedite aviation sector proposals

The civil aviation ministry has set up a single-window clearance mechanism to expedite various investment proposals in the domestic aviation industry

Odisha Govt approves investment proposals worth Rs 608.79 crore

The Odisha government on Monday approved five investment proposals worth Rs 608.79 crore in sectors like Metal, Food Processing, and Logistics & Infrastructure, which may generate employment for 1,496 people in the state.In a meeting chaired by Chief Secretary Asit Kumar Tripathy, the investment proposals were approved at a State Level Single Window Clearance Authority (SLSWCA).As per the Industrial Promotion and Investment Corporation of Odisha (IPICOL), the approved projects includes Metal Downstream sector, Iron Ore plant, Pellet Plant, among others.According to the press release, "In a big boost to the State's metal downstream sector, Reliable Sponge Pvt. Limited is looking at setting up an Iron ore beneficiation plant of 2.5 million tonnes per annum (MTPA) and Pellet Plant of 2.0 MTPA, with an investment of Rs 250 crore and providing employment to about 250 people.""Whereas Growel Feeds Pvt. Limited will be setting up a Shrimp/Prawn feed and fish feed manufacturing ...

Investment pipeline in economy chokes as key indicators show deterioration

Gross fixed capital formation - an indicator of investment demand -as a percentage of GDP, fell to nearly two-decade low

UP govt clears investment projects of Rs 3,653 cr in past two months

Projects are expected to generate more than 11,000 new jobs; letters of comfort already issued or are in the process of being issued

Nazara Technologies plans to invest $20 mn in Indian startups next year

The company has already undertaken transactions worth $50 million in 13 startups in the last two years

Investment data to be cleaned up after overstated jobs claims

The DPIIT figures are in sharp contrast with other official statistics

Investment proposals in reverse gear

While number of commitments inched up in 2015, value slipped 23% to 11-yr low