Cabinet Clears IAF Engines and Semiconductor Plant

05 Sep 2024 CW Team

The Cabinet Committee on Security has approved the procurement of 240 AL-31FP aero-engines for the Indian Air Force's Su-30 MKI aircraft. The engines, sourced from Hindustan Aeronautics Limited (HAL) at an estimated cost of Rs 260 billion, will begin delivery in one year and be completed over eight years. With over 54% indigenous content, these engines will be produced at HAL's Koraput division, enhancing the IAF's operational capabilities.

Additionally, the Union Cabinet has sanctioned the establishment of a semiconductor unit by Kaynes Semicon Pvt Ltd in Sanand, Gujarat. The Rs 33 billion facility will produce 60 lakh chips daily, supporting diverse sectors such as automotive, electric vehicles, consumer electronics, and telecom.

Infrastructure Urban

30 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..