Italy sending its biggest trade delegation to India to explore investment opportunities

download (2).jpgSource: The Economic Times, Apr 26, 2017

NEW DELHI: Riding on the recent efforts to introduce GST that is being viewed as a major economic reform to attract foreign capital, Italy — Europe’s second biggest manufacturing hub — is sending its biggest trade and investor delegation to India this week, seeking greater participation in the machinery, automative, ICT, infrastructure and textile sectors.

Led by Italy’s Deputy Trade Minister, the delegation of 60 Italian companies will explore business and investment opportunities in India, according to Italy’s Trade Commissioner to India Francesco Pensabene.

Read the rest of this entry »

India to attract $4.2 billion global investment: Report

Source: Business Standard, Mar 20, 2017

Mumbai: With India emerging as a preferred investment destination, the country is expected to witness nearly $4.2 billion new capital in the realty sector in 2017, says Cushman & Wakefield.

According to a report titled ‘The Great Wall of Money’ by the global consultant, new capital available for global real estate investment in 2017 is estimated at $435 billion, out of which India is expected to get nearly $4.2 billion.

The report states that the total global wall of money in 2017 has fallen by 2 per cent compared to 2016’s peak of $443 billion, but is the second highest figure recorded since 2009.”India’s attractiveness as a global investment destination has strengthened on account of the country’s political will to attract and protect investment growths. India’s inclusion in the top investment destination is a testament of this confidence,” Cushman & Wakefield Managing Director, India Anshul Jain said.

He said the country saw its best year in 2016 with private equity investments the highest in 9 years.

“Globally too, funds are revising their strategies to concentrate on specific growth circles. India’s office space provides great promise in this direction. Further, the core office markets in India provide stronger rental returns as well as easier exit options as against other sectors,” he added.

The report mentioned that in Asia Pacific which accounts for 30 per cent of the global volume, China, Japan, Australia and Hong Kong ranked in the top 10 target investment destinations globally, with Singapore and India a few spots behind at 12 and 15, respectively.

The growing investment interest in Asia Pacific reflects the maturity and growth of opportunities across the region as well as the prospects for attractive returns, the report stated.

“India’s strong showing in the rankings is a result of continued policy moves to institutionalise real estate investments in the country with investors acquiring assets in anticipation of the introduction of REITs. Investments in the country’s office sector is expected to more than double this year with many of pending major acquisitions,” Jain added.

GAIL to invest Rs 1,750 cr on gas distribution network

index.pngSource: Business Standard, Mar 15, 2017

Bhubneshwar: State-run gas company GAIL (India) Ltd has committed an investment of Rs 1,750 crore to build a City Gas Distribution (CGD) network in Bhubaneswar and Cuttack. Of the envisaged investment, Rs 1,000 crore would be spent on Bhubaneswar while the remaining Rs 750 crore has been set aside for Cuttack. Gas distribution to households in the twin-city region is expected to be a reality by December 2019 or early 2020.

Read the rest of this entry »

Pharma major Granules India to invest $84 million in expansion

Source: Business Standard, Feb 20, 2017

Chennai: Hyderabad-based pharma major Granules India Limited is planning to invest $84 million in setting up new capacities, expanding existing ones and investing in R&D to improve its product mix in favour of higher value-added products. The investment will be backed by World Bank’s investment arm International Finance Corporation (IFC).

The project cost is proposed to be financed with debt of $68.5 million, including a corporate loan of up to $47.5 million from IFC’s own account, and the rest through equity and internal accruals, according to the project disclosure.

IFC has made three investments in Granules till now, including debt and equity in 2007 (IFC exited the equity in 2014), Cleaner Production Lending Facility (CPLF) loan in 2009; and debt investment in 2011 for capacity expansion in the Gagillapur unit.

Read the rest of this entry »

RBI eases norms for foreign investment in startups

Source: Business Standard, Oct 20, 2016

Mumbai: Reserve Bank of India (RBI) has eased norms for foreign investment in start-ups. The banking regulator said that any Foreign Venture Capital Investors (FVCI) which is registered under the Securities and Exchange Board of India (Sebi) Regulations can invest in equity or equity linked instrument or debt instrument issued by an Indian ‘start-up’ irrespective of the sector in which the start-up is engaged. They will not require any approval from RBI.

Here, a start-up will mean an entity (private limited company or a registered partnership firm or a limited liability partnership) incorporated or registered in India not prior to five years, with an annual turnover not exceeding Rs 25 crore in any preceding financial year.

Read the rest of this entry »

Make in India week ends with Rs 15.2 trillion of investment commitments

Source: LiveMint.com, Feb 19, 2016

indexMumbai:The Make in India week in Mumbai, which concluded on Thursday, has resulted in investment commitments worth Rs.15.2 trillion across various Indian states, Amitabh Kant, secretary, department of industrial policy and promotion (DIPP), told reporters.

Of this, about 30% of the investments fall under the foreign direct investment (FDI) category, he said, adding that these commitments are those that the DIPP and other government agencies have been able to collect information about. “There may be more investment that has been committed but which we have not been able to get information on,” he said.

Read the rest of this entry »

Infuse Ventures Invests Rs 3.5 Crore In Probiotic Chemicals Firm Proklean

Source: Business Standard:  June 02, 2015

Ahmedabad:The Indian Institute of Management, Ahmedabad (IIM-A) Centre for Innovation, Incubation and Entrepreneurship (CIIE) run sustainability and cleantech fund Infuse Ventures has invested Rs 3.5 crore in Chennai-based Proklean Technologies Private Limited.Backed by Government of India’s Ministry of New and Renewable Energy (MNRE) and Technology Development Board, IFC, BP, SIDBI, Godrej Industries, ICICI Bank, Bank of India and Union Bank, Infuse Ventures has made the investment for an undisclosed stake.Founded by Dr. Sivaram Pillai, B. Chandrasekhar and Vishwadeep Kuila, Proklean manufactures natural products of probiotic origin, which can replace or reduce use of currently used chemicals in various industrial and commercial applications like leather processing, textile processing and household cleaning. Sold under the brand name of ‘Proviera’, Proklean uses a unique probiotic technology which makes the products 100% bio-degradable, natural and non-toxic.

“Proklean has developed a unique technology platform with wide-ranging applications across industries and even in the consumer space. Environmental concerns from industrial effluents are on the rise and we have seen very few innovative solutions and products to solve this problem. Proklean’s range of products address this major pain point for many industries today,” Kunal Upadhyay, CEO, Infuse Ventures.

The company has already developed a suite of products for customers in the textile and leather processing industries with marquee names in India like Vardhaman Group, Raymond, Mafatlal, Welspun, RSWM, Kapoor Industries, JK Mills, AVT, Super House and Upper India. Internationally, Proklean has customers in U.S.A., Brazil, Mexico, South Africa, Germany, Spain, Hungary, Turkey, Thailand, China, Philippines, Australia and Bangladesh.

Former CEO of SCD Probiotics, USA, and head of the bio-products business at the Murugappa Group, India, prior to founding Proklean, Dr. Pillai said, “What differentiates our technology from most green technologies is that we do not require any subsidy, either from the government or the customer. In fact, our products are cost and performance competitive compared to traditional chemical products in every application that we serve. Our products save water, processing time and in some cases even energy. This is besides being completely biodegradable.”

Apparently, B. Chandrasekhar and Vishwadeep Kuila, both alumni of IIM Ahmedabad, come with rich experience in the consumer products and branding space.

Proklean had earlier raised an angel round from Chennai Angels, few of their IIMA batchmates and SCD Probiotics, USA.

Meanwhile, on its part, IIMA-CIIE’s fund Infuse has been investing actively in the cleantech sector and its investments include energy-management startup Ecolibrium Energy, thermal-energy storage startup Tessol, renewable energy services startup REConnect, solar-pumping startup Surya PowerMagic and geothermal HVAC provider GIBSS, among others.