Andhra Approves Over Rs 1.21 Trn in Investments from 10 Companies

17 Mar 2025 CW Team

The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by Chief Minister N. Chandrababu Naidu, has approved investments totalling more than Rs 1.21 trillion from ten companies on Thursday.

These approved investments are expected to generate 80,104 jobs, including Rs 25,000 crore from Satyavedu Reserve Infracity Pvt Ltd (Sri City), Rs 58,469 crore from Indosol Solar Pvt Ltd, and Rs 22,000 crore from AP NGEL Harith Amrit Ltd, among others.

Furthermore, the Chief Minister instructed officials to set up MSME parks across all 175 constituencies, starting with one in each district. He also directed the establishment of five Ratan Tata Innovation Centres within a month, according to the release.

Infrastructure Urban

10 Sep 2025

India, Israel sign Rs 16k cr bilateral investment treaty

India and Israel have signed a Bilateral Investment Treaty (BIT) in New Delhi to enhance economic and financial cooperation, the Finance Ministry announced recently. The agreement was signed by Finance Minister Nirmala Sitharaman and Israel’s Finance Minister Bezalel Smotrich.Israel is the first OECD member country to sign such a treaty with India under its new investment framework. The pact will facilitate reciprocal investments, ensure transparency, protect investors from risks such as expropriation, and provide an independent arbitration mechanism for dispute resolution.The agreement is e..

LTIMindtree renews digital transformation pact with OKQ8

LTIMindtree has renewed its strategic partnership with OKQ8, one of the largest fuel companies in the Nordic region. The collaboration underscores the IT services firm’s role as a trusted partner in driving digital transformation.The extended engagement will focus on modernising OKQ8’s technology landscape across cloud and infrastructure management, application development and maintenance, and enterprise platforms such as CRM and ERP powered by Microsoft Dynamics. LTIMindtree will also integrate AI-driven processes to improve efficiency, customer experience and sustainability outcomes.Clas..

BHEL shares up 3% on 10-year hydrogen fuel cell pact

Bharat Heavy Electricals (BHEL) shares rose over 3% recently after the company signed a 10-year exclusive memorandum of understanding (MoU) with Singapore-based Horizon Fuel Cell Technologies. The partnership marks BHEL’s entry into the hydrogen fuel cell market.Under the agreement, both companies will jointly develop hydrogen fuel cell-powered rolling stock and collaborate on business sharing and operations. The move is expected to strengthen BHEL’s presence in clean energy and sustainable transport.Earlier this month, BHEL also signed a License Agreement for Transfer of Technology (LAToT..