CCEA nods FDI proposal of Rs 15k cr by Anchorage Infra Investment

26 Aug 2021 CW Team

The Cabinet Committee of Economic Affairs (CCEA) approved the FDI proposal particularly for investment in infrastructure and the construction-development areas. These may comprise transport and logistics, along with downstream investment in the airport sector and aviation-related businesses and services.

The investment also involves the transfer of Bangalore International Airport Limited shares to Anchorage, and investment of Rs 950 crore in Anchorage Infrastructure Investment Holding Ltd by the 2726247 Ontariao Inc, as per an official statement.

The 2726247 Ontariao Incorporation is a wholly-owned subsidiary of OAC, which is the administrator of OMERS, one of Canada's greatest defined benefit pension plans.

The investment will be a significant boost to the construction and infrastructure sector as well as to the airport sector. It will considerably substantiate the Government of India's aim to build a world-class airport and transport-related infrastructure through private partnerships.

Additionally, the statement said that the investment will also be a notable boost to the recently declared National Monetisation Pipeline (NMP). It will assist fund leasing out of state-owned infrastructure assets, which include managing assets like railways, sports stadiums, roads, airports, power transmission lines and gas pipelines to private operators.

Anchorage Infrastructure Investment Holding Ltd is proposing to make downstream investment in few of the sectors included under the NMP, it said.

The statement added that the investment would also result in direct employment production since the sector in which Anchorage Infrastructure Investment Holding Ltd is planning to make downstream investments are capital- and employment-intensive sectors.

Image Source

Also read: India received $64 billion in Foreign Direct Investment in 2020: UN

On Wednesday, the Cabinet Committee of Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved a 15,000-crore foreign direct investment (FDI) proposal by Anchorage Infrastructure Investment Holding Ltd, a subsidiary of Canada-based pension fund, for infrastructure investment. The Cabinet Committee of Economic Affairs (CCEA) approved the FDI proposal particularly for investment in infrastructure and the construction-development areas. These may comprise transport and logistics, along with downstream investment in the airport sector and aviation-related businesses and services. The investment also involves the transfer of Bangalore International Airport Limited shares to Anchorage, and investment of Rs 950 crore in Anchorage Infrastructure Investment Holding Ltd by the 2726247 Ontariao Inc, as per an official statement. The 2726247 Ontariao Incorporation is a wholly-owned subsidiary of OAC, which is the administrator of OMERS, one of Canada's greatest defined benefit pension plans. The investment will be a significant boost to the construction and infrastructure sector as well as to the airport sector. It will considerably substantiate the Government of India's aim to build a world-class airport and transport-related infrastructure through private partnerships. Additionally, the statement said that the investment will also be a notable boost to the recently declared National Monetisation Pipeline (NMP). It will assist fund leasing out of state-owned infrastructure assets, which include managing assets like railways, sports stadiums, roads, airports, power transmission lines and gas pipelines to private operators. Anchorage Infrastructure Investment Holding Ltd is proposing to make downstream investment in few of the sectors included under the NMP, it said. The statement added that the investment would also result in direct employment production since the sector in which Anchorage Infrastructure Investment Holding Ltd is planning to make downstream investments are capital- and employment-intensive sectors. Image Source Also read: India received $64 billion in Foreign Direct Investment in 2020: UN

Real Estate

14 May 2026

AIDO Launches Smart Hotel Lock for Hospitality Spaces

AIDO, an endorsed brand of dormakaba, has launched the AIDO Hotel Lock, designed to improve secure and seamless access management across hotels, serviced residences and institutional spaces. The solution combines smart security, operational efficiency and contemporary design to support modern hospitality requirements.The lock features integrated electronic mortise functionality, reverse lifting handle locking and compatibility with third-party property management system platforms, enabling smoother room access and check-in operations. Powered by 6V DC with four AA alkaline batteries, it offers..

Real Estate

14 May 2026

Häfele Unveils Zenith Digital Lock

Häfele has introduced the Zenith Digital Lock, designed to enhance home security through smart technologies and versatile locking functions. Finished in Black and Grey, the lock blends with modern interiors while offering a refined, tech-enabled access experience.The lock features Smart Password technology for secure access and added protection against password tracing. Its Smart Voice function provides guided assistance for easy operation, while Smart Freeze temporarily disables access after multiple incorrect attempts, strengthening safety and control.The Zenith Digital Lock also offers mul..

Infrastructure Urban

14 May 2026

KBL Revenue Rises 11 Per Cent in Q4 FY26

Kirloskar Brothers Limited reported consolidated revenue from operations of Rs 14.15 billion for Q4 FY26, compared to Rs 12.81 billion in Q4 FY25, registering around 11 per cent year-on-year growth. Consolidated Profit Before Tax stood at Rs 1.47 billion, against Rs 1.27 billion in the corresponding quarter last year. Profit After Tax stood at Rs 1.04 billion, compared to Rs 1.12 billion in Q4 FY25.For FY26, consolidated revenue from operations stood at Rs 45.38 billion, compared to Rs 44.92 billion in FY25. Consolidated Profit After Tax for the year was Rs 3.61 billion, against Rs 4.03 billio..