India to attract investments worth $80 bn in renewable energy: Report

Source: Business Standard, Nov 14, 2018

Bhubaneswar: India’s renewable energy space is turning out to be an attractive domain for foreign investors. In total, this sector has drawn $6.84 billion FDI from April 2000 to June 2018.

More than $42 billion has been invested in the country’s renewable energy sector since 2014, said a report by Indian Brand Equity Foundation (IBEF), after interpreting figures from the Ministry of New & Renewable Energy (MNRE) and Central Electricity Authority (CEA). Over the next four years, the renewable energy sector is projected to attract investments pegged at $80 billion.

Competition in green energy domain has heated up especially in the solar power segment with tenders in tariffs hitting record low of Rs 2.44 per unit in December 2017. The large integrated players are in a better position with higher returns compared to the smaller contractors. Read the rest of this entry »

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After making Patanjali leader in FMCG space, Baba Ramdev wants to invest Rs 1,00,000 crore in these sectors

Source: Financial Express, Oct 09, 2018

After establishing Patanjali Ayurved as a leader in the FMCG space, Baba Ramdev wishes to spend Rs 100,000 crore on charity work. Speaking at a conference organised by FICCI Ladies Organisation in Delhi, Yoga Guru Baba Ramdev said that he wishes to spend rupees one lakh crore in the sectors related to health, education, research and development, agriculture and environment.

Patanjali Ayurved is now putting its focus on the agriculture and food processing sector, PTI reported citing Baba Ramdev. The FMCG company wants to bring out more products from the farm and food processing sector, he said. In addition, Patanjali wants to work in the solar energy sector, he said. Read the rest of this entry »

Yogi govt clears six biofuel investment proposals worth Rs 17 billion

Source: Business Standard, Oct 4, 2018

Lucknow: In a boost to its green energy roadmap, the Yogi Adityanath government has cleared six biofuel investment proposals worth almost Rs 17 billion.

These private projects are proposed to be set up in 5 districts, including Sitapur, Hapur, Meerut, Bareilly and Muzaffarnagar.

These projects include a mega biofuel plant to be developed by SunLight Fuels spanning almost 90 acres in Sitapur and costing Rs 15.5 billion. The company would use bagasse, a sugarcane byproduct extracted during sugar production process, to generate biofuel. Read the rest of this entry »

Russian Sovereign Fund to invest in Indian infrastructure

Source: The Economic Times, Oct 03, 2018

Russian Direct Investment Fund or commonly known as RDIF – Russia’s sovereign wealth fund (with reserved capital of $10 billion) has been increasing its footprints in India steadily eyeing to boost infrastructure funding. It was RDIF that along with DP World and Government of India co-founded National Investment and Infrastructure Fund (NIIF). In a wide-ranging interview Kirill Dmitriev, CEO, RDIF tells ET’s Dipanjan Roy Chaudhury that RDIF will sign two key deals at this annual summit on Friday – one deal with NIIF to jointly invest in port and logistics; second deal — joint investment in mineral fertilisers. Read the rest of this entry »

New norms soon for private investments in govt’s affordable housing scheme

Source: The Hindu Business Line, June 13, 2017

New Delhi: The government will soon come out with supplementary guidelines for the Prime Minister Awaas Yojana (Urban) to enable private investment in affordable housing.

Addressing reporters on Tuesday, M Venkaiah Naidu, Minister of Urban Development and Housing and Urban Poverty Alleviation, said: “We will soon issue guidelines to enable private investments in affordable housing even on private lands under Affordable Housing in Partnership component of PMAY (Urban). We believe to achieve our targets for Housing for All, we will need to partner with the private sector.”

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Canadian pension funds may pump $3 billion into Maharashtra

Source: The Economic Times, Jan 10, 2017

MUMBAI: Canadian pension funds, armed with $3 billion, may soon invest in the development of Maharashtra. The Canadian government is in talks with officials in Maharashtra to deploy its pension funds for creating a water grid, financing the housingfor-all schemes, helping the upcoming International Finance Centre at BKC, setting up smart cities, and even in boosting the IT sector.

Amarjeet Sohi, Canadian minister for infrastructure and communities, who will visit Maharashtra this week, is supposed to meet Chief Minister Devendra Fadnavis on Thursday to tie the loose ends, said top state government officials. After Sohi’s visit, Fadnavis will be leaving for Canada sometime in February to close the deal. Read the rest of this entry »

French auto parts maker Valeo to invest $100 million in India

Source: The Economic Times, Oct. 11, 2016

PARIS: French auto parts maker Valeo is betting on India’s engineering prowess, growing middle class and changing regulations.

The $16.2 billion company is looking at investing about $100 million (Rs665 crore) in India in the next two to three years and hire more than 1,000 engineers to support its local and global operations. Read the rest of this entry »