Gujarat govt signs 18 MoUs to boost investment

23 Feb 2023 CW Team

In accordance with the state government's "Aatmanirbhar Gujarat Schemes for Help to Industry," which were unveiled last year to encourage fresh investment, the Gujarat government inked 18 memoranda of understanding (MoU) worth Rs 98.52 billion.

With these 18 agreements, different businesses have promised to invest Rs 98.52 billion in various regions of the state, creating 10,851 job possibilities.

In the presence of Gujarat Chief Minister Bhupendra Patel, these Memoranda of Understanding were signed.

According to the press release, businesses producing chemicals and agrochemicals, pharmaceuticals, equipment, and electric rickshaws had MoUs with the state government.

According to the press release, Garden Silk Mills' yarn and PET chips business in Surat's Palsana taluka would employ 1,450 people. This is just one of the significant investments pledged through MoUs.

Other significant investments include a facility by Asian Paints in Vadodara and one by Humanity Life Sciences Private Ltd in Dahej, both in the Bharuch district. By 2025, the majority of these plants would be up and running.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..