With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.
Tag: investments
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ADB to aid $275 million for urban services in Madhya Pradesh
The Asian Development Bank (ADB) and the Government of India signed a $275 million loan on 19th June, 2017 for improving urban services in 64 small towns in the State of Madhya Pradesh.
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It’s feasible now for infra majors to get into affordable housing
The 'Infrastructure' status to the affordable housing segment seems adequate to spur investments by the private sector with favourable outcomes as it opens up a plethora of avenues for the benefit of affordable housing.
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We foresee more investments by FIIs, foreign investors and NRIs
The government has expressed the vision of 'Housing for all' by 2022, so in that sense the budget showcases a long-term vision. We are hoping that the government should articulate action plans that would follow their expressed intent. It was vastly anticipated that the budget would arrive at correcting the market drawbacks as a whole.
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Aspirify Energy acquires G.E.T. Water Solutions
In a first of its kind deal in the waste management sector, start-up waste-to-energy management solutions provider Aspirify Energy has acquired Clear Water owned G.E.T. Water Solutions, a certified water treatment business.
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Oil PSUs plan major investments in Andhra Pradesh
Major oil public sector units are planning to invest over Rs 1.43 lakh crore in Andhra Pradesh in coming years which would create jobs for thousands of people in the state, according to Oil Minister Dharmendra Pradhan.
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Signature Global to invest Rs 500 cr to build affordable homes
Realty firm Signature Global, which is into development of affordable homes, will invest Rs 500 crore to develop two housing projects in Gurgaon as the company expects better demand after the government announced an interest subsidy under the Pradhan Mantri Awaas Yojna.
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Dash for Cash
The Indian infrastructure story is at an interesting crossroad. On the one hand, being the world´s fastest growing major economy, India needs to create fresh capacity in its infrastructure to maintain the growth momentum.
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Gadkari inaugurates Sagarmala Development Company, identifies projects worth Rs 8 lakh crore
Shipping, Road Transport and Highways Minister Nitin Gadkari has said that the Sagarmala project will fetch nearly Rs 12-15-lakh crore of capital investments. He estimated that the port-led development plan would generate direct and indirect employment for around two crore people and provide a huge fillip to the countryÂ’s economic growth
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Binani Group to invest Rs.10,000 cr in West Bengal
Binani Group of Braj Binani, which has presence across India, East Africa, China, Indonesia and the UAE, has lined up around Rs.10,000 crore investments in cement, power and infrastructure, including ports, in Bengal.