In order to drive industrial development across Karnataka, the Karnataka Government has reportedly approved 1,958 projects with an investment of Rs 3.5 trillion. Karnataka is expected to be the first state in the country in fiscal 2018-2019 in attracting such investments. These projects have the potential to create jobs for over 1 million people.
Fourteen Coastal Economic Zones have been identified along the coastline of the country under the National Perspective Plan (NPP) of the Sagarmala Programme, informed Minister of State for Shipping and Finance Pon Radhakrishnan in a written reply to Lok Sabha.
CBRE South Asia has announced the findings of its report titled ‘Powerhouse Karnataka – The Harbinger of India’s Economic Revolution’. The report based on the theme of ‘Ease of Doing Business Policy’ stated that Karnataka ranked eighth across India on Ease of Doing Business 2017-18, ahead of Maharashtra and Tamil Nadu, scoring the highest in terms of maximum reforms for enabling construction permits.
As India rises to greater prominence on the world map, global corporates are more eager than ever to participate in the country’s growth story. A GDP growth rate of 7 per cent plus, a population base of over 1.2 billion and an urbanisation rate northward of 30 per cent are irresistible investment magnets, and real estate development remains a key focus area.
The 11th North East Business Summit (NEBS) has commenced in New Delhi today. The two-day event is an initiative to facilitate investment, highlight strengths of the North-East Region and business opportunities which North-East has to offer.
Major players from hospitality, retail, construction and other sectors have held wide-ranging discussions with the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) on investment and partnership opportunities in the Rs 26,000 crore International Exhibition-Cum-Convention Centre (ECC) proposed to be built in Dwarka, New Delhi.
Recently, the the Department of Industrial Policy & Promotion (DIPP) held meeting with around 15 ministries to understand their views on raising foreign direct investment (FDI) limit on some key sectors. These sectors include civil aviation, defence, telecom and multi-brand retail. Ministries of defence, I&B, civil aviation and petroleum & natural gas have reportedly attended the meeting