CCEA
The Cabinet Committee of Economic Affairs (CCEA) has approved a Foreign Direct Investment (FDI) proposal of ₹15,000 crore by Anchorage Infrastructure Investment Holding, which is the investment vehicle of Fairfax India for airports and other infrastructure investments. Fairfax India is the majority owner and controller of Bangalore International Airport Ltd, owning a 54 per cent stake in the airport. The FDI is a part of Fairfax India's plan to invest around $2.2 billion in the Bangalore International Airport to create infrastructure for 90 million passengers by 2034. The investment includes the transfer of the government's stake in Bangalore International airport to Anchorage. It also includes ₹950 crore investment in Anchorage Infrastructure Investment Holding Ltd by Ontario Inc.
Ingka Centres, part of the Ingka Group, which also includes IKEA Retail and Ingka Investments, will invest around ₹3,500 crore amounting to €400

Read more ...

The Central government has approved ₹3,900 crore for building rail, road and allied infrastructure projects in Uttar Pradesh and Uttarakhand

Read more ...

The Inland Water Transport (IWT) department has signed an MoU with the World Bank for a ₹770 crore loan to improve river transportation

Read more ...

The Centre has initiated the process of creating the National Interlinking of Rivers Authority (NIRA), an independent autonomous body

Read more ...

ICRA Ratings reiterated that the outlook for the Indian Road logistics sector continues to remain stable, supported by improved economic recovery in Q2 FY2022, increased pace of vaccination, and decline in fresh Covid-19 cases from

Read more ...

Urban logistics spaces in India are expected to exceed 7 million sq. ft by 2022, as demand surges, according to JLL report 'India Urban Logistics - Are dark stores revolutionizing the sector?' The urban logistics industry in India

Read more ...

According to the Joint Secretary and Mission Director, Ministry of Housing and Urban Affairs, Kunal Kumar, India needs around USD 700 billion

Read more ...

The Greater Noida Industrial Development Authority (GNIDA) has launched an industrial plot scheme offering 91 plots ranging from 450 square

Read more ...

Adding to its project portfolio in the Buildings & Factories (B&F) segment, the construction wing of the Larsen and Toubro, has secured a prestigious

Read more ...

The Mumbai Metropolitan Region Development Authority has targeted to invest ₹5.01 lakh crore in the Mumbai Metropolitan Region on the

Read more ...

The Central Government and the Asian Development Bank (ADB) has signed a $251 million loan for climate-resilient, integrated urban flood protection

Read more ...

Patel Engineering Ltd. has witnessed a significant improvement in its overall performance due to a healthy order book position and opening up of

Read more ...

To develop the Narela sub-city in north Delhi on the lines of Dwarka sub-city, the Delhi Development Authority is building two new sectors for

Read more ...

Jharkhand Government has decided to build a new industrial corridor spread over 500 acres along a 311 km long highway connecting Govindpur to

Read more ...

SP E&C is taking conscious steps towards reducing air pollution and minimizing the impact of construction activities on the environment, informs Alok

Read more ...

Deep Foundations Institute of India (DFII) is affiliated with the Deep Foundations Institute (DFI), a US-based international non-profit organization established

Read more ...

Launching of an “Atmanirbhar Bharat’, Premier Video Security Brand; Technology for boosting movement in FASTag lane; Automatic Raised Rib Marking

Read more ...

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned ₹608 crore for different infrastructure projects in rural areas

Read more ...

The Aditya Birla Group has planned to set up a paint unit in West Bengal at ₹1,000 crore investment which will be commissioned in the next

Read more ...

Gulf Islamic Investment (GII), a leading UAE-based Sharia-compliant financial services firm, has committed to invest ₹3,500 crore in India and will open

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.