Tag: Investment

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 […]

Bhubaneswar: Odisha government has accorded in-principle approval for investment of Rs 26,000 crore which will provide employment opportunities to 17,500 people, official sources said. While the State Level Single Window Clearance Committee headed by Chief Secretary A P Padhi today accorded approval for 14 different projects worth investment of Rs 25,474 crore, the same committee […]

Indian Prime Minister Narendra Modi today said the state should be driven by policies which should be consistent so as to draw more investments

Bhubaneswar: Only three companies have so far have commenced production since the first Make in Odisha conclave held two years back. According to the State government, as many as 124 industries gave proposals during the event held in 2016 out of which foundation stones have been laid only for 64. Interestingly, 15 out of these […]

San Francisco: Google will invest $13 billion in building new data centres and offices in over a dozen states in the US in 2019, the company’s CEO Sundar Pichai has said. In a blog post late on Wednesday, Pichai said the investment would create tens of thousands of new jobs. “Last year, we hired more […]

Mumbai: Sensex ended above the psychological mark of 39,000 after it gained sharply during the end of the trade session on Wednesday, closing with a 489 points gain. Except for the auto company stocks, all the other stocks, led by oil and gas, closed higher. The benchmark Sensex finished 489.80 points or 1.27 per cent […]