Cabinet approves FDI in ATC Telecom Infrastructure

27 Nov 2020 CW Team

The central government approved Rs 2,480 crore on Wednesday for ATC Asia Pacific to buy about a 12 per cent stake in ATC Telecom Infrastructure.

The combined foreign direct investment (FDI) of ATC Asia Pacific would be Rs 5,417.2 crore into ATC Telecom Infrastructure with the approval from the Cabinet Committee on Economic Affairs (CCEA). Union Minister Prakash Javedekar said that by ATC Asia Pacific Pvt Ltd, the CCEA will allow the FDI of Rs 2,480 crore with Rs 216 per share for the purchase of 12 per cent stock of ATC Telecom.

ATC Telecom Infra offers maintenance and operations services as well as provides telecommunications infrastructure solutions.

The total FDI in ATC Telecom Infrastructure will now be Rs 5,417 crore.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..