Dholera city trunk infrastructure development to start by early 2015
Dholera in Gujarat is one of the seven cities planned under the Delhi-Mumbai Industrial Corridor (DMIC). Jagdish Salgaonkar, programme director of the Dholera Special Investment Region (DSIR) has said at the World Cities Summit 2014 in Singapore that Indian and International investors are invited to set up industrial and manufacturing base at Dholera. The construction work on trunk infrastructure is likely to start by early next year.
OIJIF to raise $350 million
The Oman India Joint Investment Fund (OIJIF) will be raising about $350 million for a new fund, according to a source. An equal joint venture between State Bank of India (SBI) and State General Reserve Fund (SGRF), OIJIF will start raising money from December. SGRF is Oman´s sovereign wealth fund.
Foreign investment inflow to double
Foreign investment in the Indian economy is expected to more than double, with inflows from both foreign direct investment and foreign institutional investors set to surge above $60 billion in the current financial year, compared with the $29 billion in 2013-14, an ASSOCHAM note has projected.
Expectations from the New Government
Devendra Kumar Vyas, Chief Executive Officer at SREI BNP Paribas pens down the wish list of expectations from the new government. With the National Democratic Alliance (NDA) having formed the government, industry expectations are high that the new Prime Minister will be able to lead the economy out of the low growth era through decisive governance.
Rs 3.3 lakh crore invested in 113 projects
Initial numbers flowing into the cabinet secretariat suggest that nearly 90 per cent of the investment in large projects, which were held up and have now been cleared, have materialised.
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