Govt paving way for 863 projects with $121 bn investment
ECONOMY & POLICY

Govt paving way for 863 projects with $121 bn investment

The Ministry of Commerce and Industry told the media that ministries and investors are working together to facilitate 863 projects with $121 billion investment in chemicals and petrochemicals, and steel and heavy industry.

Additional Secretary of the Department for the Promotion of Industry and Internal Trade (DPIIT), Sumit Dawra, said that states, including Maharashtra, Gujarat, Karnataka, Tamil Nadu and UP are witnessing the highest interest among potential investments, monitored by the Project Development Cells (PDCs).

In 2020, the ministry approved setting up PDCs across ministries and departments to attract investments.

Dawra said that most potential investments are for foreign investors, with domestic investors being the source of interest for 345 projects with a $15 billion investment.

From 863 projects, 272 projects of $41 billion are highly probable, 279 projects of $69 billion are moderately probable, and 312 projects of $11 billion are long-term.

He said that there might be some overlap between potential investments and those under various public-linked incentive (PLI) schemes.

Image Source

The Ministry of Commerce and Industry told the media that ministries and investors are working together to facilitate 863 projects with $121 billion investment in chemicals and petrochemicals, and steel and heavy industry. Additional Secretary of the Department for the Promotion of Industry and Internal Trade (DPIIT), Sumit Dawra, said that states, including Maharashtra, Gujarat, Karnataka, Tamil Nadu and UP are witnessing the highest interest among potential investments, monitored by the Project Development Cells (PDCs). In 2020, the ministry approved setting up PDCs across ministries and departments to attract investments. Dawra said that most potential investments are for foreign investors, with domestic investors being the source of interest for 345 projects with a $15 billion investment. From 863 projects, 272 projects of $41 billion are highly probable, 279 projects of $69 billion are moderately probable, and 312 projects of $11 billion are long-term. He said that there might be some overlap between potential investments and those under various public-linked incentive (PLI) schemes. Image Source

Related Stories

Gold Stories

Next Story
Real Estate

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code