Foreign investors pumped $1.02 bn equity in India’s clean energy space in FY19

Source: LiveMint.com, Jul 14, 2019

New Delhi: The foreign investors’ interest in India’s emerging green economy continues; with around $1.02 billion equity investment made by them in the current financial year till date, according to data compiled by consulting firm Bridge to India for Mint.

These investments have been growing. The international equity investment in the India’s clean energy sector was $283 million in 2016, $532 million in 2017 and $1.02 billion in 2018.To be sure, this excludes all offshore debt funding and investments made by foreign developers in their Indian subsidiaries.

With multilateral and bilateral agencies, as well as sovereign wealth funds, not showing interest in businesses that contribute to climate change, a significant part of the foreign direct investment coming to India is in the green energy space. These investments were spread across sectors such as solar power generation (roof-top and grid connected), wind power generation firms, electric vehicles, with the electricity storage projects gaining traction now. Read the rest of this entry »

Samsung plans 100 investments in Indian start-ups in next five years

Source: Business Standard, Jul 11, 2019

Bengaluru: Samsung, the world’s biggest producer of smartphone screens, semiconductors, and mobile phones, is planning to make 100 investments in Indian start-ups over the next three to five years, through its venture capital (VC) arm.

It is scouting in ‘deep technology’ areas such as artificial intelligence (AI), natural language processing, the Internet of Things (IoT), blockchain, augmented reality and virtual reality, and data security. And, services technologies, in areas such as health care, insurance, vernacular content, and mobility solutions. Read the rest of this entry »

Private investment in agriculture is falling

Source: The Hindu Business Line, Jul 04, 2019

New Delhi: Falling profitability is keeping investors away from agriculture and the gross capital formation (GCF) in agriculture and allied sectors as a ratio of gross value added (GVA) has fallen to 15.2 per cent in 2017-18 from a high of 17.7 per cent in 2013-14.

The fall in GCF can be attributed to the decline in private investment which incidentally coincides with the government successfully checking food inflation. The Survey clearly showed that the share of private investment in agriculture has come down to 82.7 per cent in 2016-17. In 2013-14, 88.1 per cent of total investment in agriculture came from private investors. Read the rest of this entry »

Japan to invest around Rs 13,000Cr in various projects in India’s NE states

Source: The Economic Times, Jun 13, 2019

GUWAHATI: The Government of Japan has decided to invest an amount Rs.13,000 Crore in several ongoing as well as new projects in different states of India’s North- Eastern region.

This was disclosed after a meeting which the DoNER Minister Dr Jitendra Singh had with the Japanese delegation led by Ambassador Mr Kenji Hiramatsu,

Some of the important projects in which Japan will collaborate include Guwahati Water Supply Project and Guwahati Sewage Project in Assam, Northeast Road Network Connectivity Improvement Project spread over Assam and Meghalaya, Northeast Network Connectivity Improvement Project in Meghalaya, Bio-diversity Conservation and Forest Management Project in Sikkim, Sustainable Forest Management Project in Tripura, Technical Cooperation Project for Sustainable Agriculture & Irrigation in Mizoram, Forest Management Project in Nagaland, etc. Read the rest of this entry »

Mastercard to invest $1 bn in India, plans to make country global tech node

Source: Business Standard, May 06, 2019

New Delhi: Global card payments major MasterCard Monday said it will invest USD 1 billion (about Rs 7,000 crore) in

India in the next five years and plans to make the country a global technology node for its platforms.

The company has already invested USD 1 billion in the Indian market in the last five years.

“Over the last five years, we invested about USD 1 billion in India. Given our increasing confidence in the Indian economy, where it is likely to be over the coming decade, we are stepping up on our investment commitment in India. We are committing another USD 1 billion into India (for next five years),” Ari Sarker, co-president, Asia Pacific, MasterCard said in an interaction here.

The most crucial thing about this investment is that Mastercard is building India as a global technology node for its global platforms, he said.

This investment will help foster innovation and increase Mastercard’s speed-to-market capabilities and value-added services. Read the rest of this entry »

PE/VC investments in AI space grows five-fold to $359 million in FY19

Source: Business Standard, Apr 14, 2019

Chennai: Private equity/venture capital investments in the Artificial Intelligence (AI) segment in the country grew over fivefold in 2018-19, to $359 million (nearly Rs 25,000 crore) from $63 mn (Rs 440 crore) in FY18.

Led by one of $140 million in September 2018 by Mithril Capital, Blume Ventures, Tiger Global and others into Grey Orange Robotics. According to data from research firm Venture Intelligence, there were 38 such deals in FY19, compared to 25 the previous year. In 2016-17, investment into AI totalled $50 million via 19 deals; the year before, $51 million in 13 deals. Read the rest of this entry »

Indian firms’ foreign investment rises 18% to $2.69 billion in March

Source: Financial Express, Apr 11, 2019

Foreign investment of Indian companies grew 18 per cent to USD 2.69 billion in March as compared to the year-ago period, according to an RBI data.

The domestic firms made investment of USD 2.28 billion in their subsidiaries and wholly-owned units abroad during March 2018.

In February 2019, the investment by Indian firms stood at USD 1.71 billion, the Reserve Bank data on outward foreign direct investment showed.

Of the total investment overseas in March this year, USD 1.68 billion was in the form of loan, USD 564.97 million as equity while the rest USD 443.71 million was in the form of issuance of guarantee.

Major investors included Tata Steel, which pumped USD 1.15 billion in a subsidiary in Singapore. This was followed by JSW Cement (USD 82 million in a wholly-owned subsidiary in the UAE) and ONGC Videsh Ltd (USD 70.37 million in various joint ventures in Myanmar, Russia and Vietnam).