373 projects show cost overruns of Rs 3.89 trillion

Avendus Future Leaders Invests Rs 3 Billion in Aragen Life Sciences

Aragen Life Sciences, a contract research, development, and manufacturing organisation (CRDMO), has received a Rs 3 billion investment from the Avendus Future Leaders Fund (FLF), a private equity fund managed by the Avendus Group, along with SBI Life Insurance. This investment comes out of Avendus’ third fund, which marks the fund’s second investment, the first being its investment in La Renon Healthcare earlier this year. Aragen, established in 2001, is primarily focused on developing innovative pharmaceuticals, though in recent years has started to develop digital and AI technologie..

Earth Fund Receives Rs 50 Million Investment From Nila Spaces

Nila Spaces Limited has become a Limited Partner with Earth Fund, India’s 1st real estate tech and sustainability-focused venture capital fund. It has done so through an investment of Rs 50 million into the fund. The investment aligns with the company’s wider capital allocation plans.Nila Spaces has said that the investment is aimed at improving efficiency of operations, decarbonisation, and strengthening itself for potential change in sectors. These goals can be achieved by being granted access to smart infrastructure, low-carbon materials, and digital construction workflows. Deep Va..

India Boosts Shipbuilding With Rs 25,000 Billion Maritime Fund

The Government of India has announced a series of initiatives to upgrade and modernise the country’s shipbuilding sector, with a strong focus on green technology, financial support, and infrastructure expansion.Key measures include amendments to the Shipbuilding Financial Assistance Policy (SBFAP), release of five standard tug designs for major ports, and revisions to the Right of First Refusal (RoFR) framework to strengthen indigenous shipbuilding. The Green Tug Transition Programme (GTTP) and Harit Nauka guidelines for inland vessels have also been launched to promote sustainable operation..