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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
21671. India needs Rs 50-60 lakh crore foreign investments to bolster coronavirus-hit economy: Gadkari
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
The Times Of India
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- India needs foreign direct investments (FDI) worth Rs 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as MSME sector to accelerate the wheels of coronavirus-hit economy, according to Union minister Nitin Gadkari.
- Emphasising that at this juncture FDI is the need of the hour, the senior minister said such funds would benefit the country as there is a need for pumping in liquidity into the market. Economic activities have been significantly disrupted in the wake of the pandemic and subsequent lockdowns that were in place to curb spreading of infections.
- Country at this juncture needs liquidity. Without liquidity our economy's wheel will not accelerate... Rs 50-60 lakh crore foreign investment is needed in the country under present circumstances to boost the economy," the road transport, highways and MSME minister told PTI in an interview. Infrastructure sector including highways, airports, inland waterways, railways, logistic parks, broad gauge and metro, apart from micro, small and medium enterprises (MSMEs) can attract large scale foreign investment
21672. First set of private trains to be introduced by 2023, all 151 such services by 2027
Make in India / Atmanirbhar
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‘Make in India’ – Indian Railway
English
India
India Tv
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- The Indian Railways confirmed that the first set of 12 private trains will be introduced in 2023, followed by 45 more in the next fiscal, according to an initial timeline drawn by the railways which plans to roll out all 151 such train services by 2027. The railways earlier this month invited proposals from companies to run 151 modern passenger trains on 109 pairs of routes across the country. The project would entail a private sector investment of about Rs 30,000 crore.
- As part of the plan for private trains, the railways has planned to introduce 12 trains in 2022-23, 45 in 2023-2024, 50 in 2025-26 and 44 more in the next fiscal, taking the total number of trains to 151 by the end of FY 2026-2027, news agency PTI reported.
- The railways has said that 70 per cent of the private trains will be manufactured in India which will be designed for a maximum speed of 160 kmph. There would be a reduction in journey time by around 10-15 per cent at 130 kmph and around 30 per cent at 160 kmph.
21673. Amazon to export USD 10 billion Make in India products by 2025: Jeff Bezos
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The New Indian Express
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- Amazon chief and World’s richest man, Jeff Bezos has said that the e-commerce giant will export Make in India products worth $10 billion by 2025 as the company released 3rd edition of its annual e-commerce exports report .
- “We are going to use Amazons global footprint to export $10 billion Make in India goods by 2025,” Bezos said in a statement.
- Amazon’s cumulative export sales in 2019 grew by 100% touching $2 billion ( Rs 8,000 crore), the e-tailer’s country head, India and Senior-Vice President, Amit Agarwal said.
21674. Amway India to invest additional ₹100 crore to fund growth plans
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Business Today
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- Direct selling FMCG firm Amway India is looking to invest an additional Rs 100 crore over the next two years to fuel its future growth plans in the country, a top company official has said.
- Amway has committed an investment of ₹1,000 crore in India, which includes an investment of ₹600 crore to set up its manufacturing facility in Nilakotai, Tamil Nadu.
- Amway has committed an investment of ₹1,000 crore in India, which includes an investment of ₹600 crore to set up its manufacturing facility in Nilakotai, Tamil Nadu.
21675. Gujarat Government and UK India Business Council Sign MoU to Strengthen the State''s Industrial Development
Make in India / Atmanirbhar
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Investment in Bharat by govt of other countries
English
United Kingdom
UK India
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- The UK India Business Council signed a (MoU) with Industrial Extension Bureau (iNDEXTb), Industries and Mines Department, Government of Gujarat, the premier agency focused on accelerating industrial development in the state.
- This collaborative partnership between the UKIBC and Government of Gujarat will help to boost business and industrial development in the state. It will also aim to proactively enhance the business environment and strengthen collaboration with British businesses in Gujarat.
- (UKIBC) is the premier membership-led organisation supporting the promotion of trade, business and investment between the two countries. UKIBC plays an influential role in creating and sustaining an environment in which trade and investment flourishes.
21676. Qatar eyes $1.5 bn stake in JioFiber
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Deccanherald
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- Sovereign fund Qatar Investment Authority (QIA) is in advanced talks with Reliance Industries Ltd to invest around $1.5 billion (about ₹11,200 crore) in an infrastructure investment trust (InvIT) that holds the company’s fibre-optic assets
- Citigroup, Moelis and Co. and ICICI Securities have been hired by Reliance as investment bankers for the proposed deal with Qatar Investment Authority
- Reliance Industries Ltd Chairman Mukesh Ambani rolled out the Jio Fiber (aka GigaFiber) broadband service on September 5, 2019. T
21677. India Angel Fund invests in Mental Wellness Startup IPHM Services
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Business Standard
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- Business Wire India IPHM Services has succeeded in raising a seed round of funding from India Angel Fund, most of them Women Entrepreneurs, also first time angel investors.
- New age healing assistance, IPHM Services, helps design programs and workshops for the psychological well-being of individuals and employees of large organizations.
- India Angel Network has made another seed investment of Rs. 25 lakhs into IPHM Services.
21678. Tata Capital Growth Fund to invest ₹225 Crore in Biocon Biologics
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Business Line
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- Biotechnology major Biocon on said Tata Capital Growth Fund will invest USD 30 million ( ₹225 crore) in its subsidiary Biocon Biologics to acquire 0.85 per cent equity stake in the company.
- The firm said this deal values Biocon Biologics at USD 3.5 billion. Post the completion of this transaction, Biocon will hold 95.25 per cent stake in Biocon Biologics, the biotechnology major added.
- Akhil Awasthi, Managing Partner, Tata Growth PE, said this investment is in line with its focus on export-oriented manufacturing in world beating companies.
21679. Govt to fund 112 agritech startups, to invest Rs 11.85 Cr this year, says Narendra Singh Tomar
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Your Story
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- To promote agri firms, Union Minister for Agriculture Narendra Singh Tomar on said the Indian government will fund 112 startups in the first phase, with a sum of Rs 11.85 crore in the current financial year. The funds will be given to the startups selected by different knowledge partners and agribusiness incubators in the area of agro-processing, food technology, and value addition, he said.
- The funds will be provided under the Innovation and Agri-entrepreneurship Development Programme launched under the revamped Rashtriya Krishi Vikas Yojana (RKVY).
- The Indian government has identified five knowledge partners as centres of excellence, and 24 RKVY-RAFTAAR agribusiness incubators (R-ABIs) from across the country after a nationwide advertisement and a rigorous selection process.
21680. Electronic companies line up under PLI scheme, to produce products worth 11.5 lakh cr: RSP
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Republic
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- Union Minister for Electronics & Information Technology Ravi Shankar Prasad on Saturday addressed a press conference stating that 22 domestic and international companies had filed their application under the government's Production-Linked Incentive (PLI) scheme which aims to transform India into an electronics and manufacturing hub.
- He revealed that together these companies will produce mobile phones and components worth Rs 11.5 lakh crore over the next 5 years out of which products worth Rs 7 lakh crore will be exported. "Under the leadership of PM Modi, PLI scheme was introduced to welcome global companies and to make Indian companies as national champions in the electronic sector. I welcome the Indian companies Lava, Dixon, Micromax, Padget Electronics, Sojo , Optiemus Electronics," he added.
- Under the Government's Rs 42,000 cr PLI package, special incentives of 4-6 per cent are being offered to electronics companies which manufacture mobile phones and other electronic components to come and set up base in India, furthering the 'Make In India' initiative.