Tag: Investment

Bhubaneswar:  After managing to come out of the cobweb of confrontations and controversies in 2016, the Odisha government will set its feet on its fourth year of its fourth term in 2017. But some of the challenges it had encountered last year will chase like a shadow in 2017. Out of the major challenges the […]

Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited has aggressive plans to ramp up its cement production capacity which currently stands at 25 million tonne per annum (mtpa). For this the company, which participated in the ongoing ‘Make In Odisha’ conclave has planned to invest Rs 2000 crore in Odisha in the […]

Bhubaneswar: Though the State government is planning to cash in on the much awaited ‘Make In Odisha’ conclave scheduled to begin here from Wednesday, to prominently place the State in the industrial belt of the country, it is able to create about 36,000 acre of land bank, of the one lakh acre land it had […]

New Delhi: In a bid to promote the Make in Odisha conclave in Bhubaneswar, the State government organized a road show in New Delhi today. Odisha Industries minister Debi Prasad Mishra took part in the road show along with Secretary of the Industries Department, Sanjeev Chopra. The road show is an endeavour of the State […]

Chennai: Energy major Indian Oil Corporation (IOC) will be investing about Rs 7,112 crore in infrastructure facilities in Tamil Nadu over the next three years, said a senior official. At the IOC group level — IOC and group company Chennai Petroleum Corporation Ltd — will be investing about Rs 37,112 crore in Tamil Nadu. “The investments […]

Bhubaneswar: The Odisha government on Wednesday approved five investment proposals worth Rs 1,508 crore which will create employment opportunities for 2,155 people. The proposals were approved at the 78th meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Aditya Prasad Padhi. The SLSWCA accorded approval to IOCL to set up […]

Bengaluru: Global software major Infosys Ltd on Thursday said it made a follow-on investment of $1.5 million (Rs.9.75 crore) in Waterline Data Science, a US-based data discovery and data governance software firm. “The follow-on investment of $1.5 million has been made in cash through the Infosys Innovation Fund,” said the IT major in a regulatory […]

New Delhi: In major changes liberalising foreign direct investment in key sectors, the Union Cabinet on Wednesday approved 100 per cent foreign investment in single brand retail trading (SBRT) and construction development and decided to open up Air India for FDI up to 49 per cent. Besides, the government also decided that foreign institution investors and […]

Bhubaneswar: With aim to promote investments in downstream aluminium sector, the State government on Monday held talks with over 70 Indian companies and invited them to invest in downstream ecosystem. The Industries Department organised the event here in association with the Confederation of Indian Industry and highlighted the advantages of investing in Angul Aluminium Park, […]

New Delhi:  India on Friday signed a loan deal worth $76 million with Japan International Cooperation Agency (JICA) for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards in Gujarat, an official statement said. The total cost of the project will be $111 million, out of which $76 million will be […]

Bhubaneswar: The Odisha government has received 28 proposals involving investment of Rs 18,434 crore after the ‘Make in Odisha’ Conclave held here in 2016, Industries Minister Debi Prasad Mishra said on Thursday. The projects will generate 27,565 jobs, he informed the state assembly. Of the investments, 11 projects worth Rs 2,214.44 crore have been approved […]

Kolkata: Odisha on Thursday sought investments in five major sectors including tourism and food processing and said its Vision 2025 aims at roping in business projects worth Rs 2.5 lakh crore providing direct and indirect employment for 30 lakh people. Describing Odisha as the future manufacturing hub of eastern India, Minister of Industries Debi Prashad […]

New Delhi: With the promise of rationalising levies including spectrum charges to rejuvenate the debt-ridden telecom sector, the draft new telecom policy proposes broadband access for all with 50 mbps speed, 5G services and 40 lakh new jobs in the sector by 2022. The draft policy branded as National Digital Communications Policy 2018 was unveiled […]

Bhubaneswar: The Odisha government has decided to organise investor reach-out activities at all major metropolitan cities, including Delhi, Kolkata, Hyderabad and Mumbai to highlight business opportunities in the state and drum up support for the second edition of the Make-In-Odisha Conclave. Chief secretary A P Padhi, who presided over a meeting of the Oversight Committee, […]

New Delhi: The Odisha government today sought to hardsell business opportunities in the mineral-rich state to Japanese investors, citing its investment-friendly policies and other incentives on offer. A delegation led by state Industries Minister Niranjan Pujari and Principal Secretary, Industries Department, Sanjeev Chopra called on officials of Japanese companies operating in the country, an official statement […]