The detailed budget speech, one of the most comprehensive ones in recent past did have some significant positives for sectors like Infrastructure, Power, Banking and NBFC, Agriculture reiterating her focus on Affordable housing, Education and Healthcare sector.
India is set to spend USD 1.4 trillion on developing its infrastructure in the next five years, according to the Union Finance Minister Nirmala Sitharaman. The move is seen in the backdrop of the country’s ambitious goal to become a USD 5 trillion economy by 2024.
The National Investment and Infrastructure Fund (NIIF) of India has announced an investment of Rs 6.6 billion in HDFC capital affordable real estate 2 (H-CARE 2), an investment platform, managed by HDFC Capital Advisors, a wholly owned subsidiary of HDFC.
A JV of Macquarie and Ashoka Buildcon has emerged the highest bidder for the Centre’s first batch of toll-operate-transfer (TOT) projects. The company has reportedly bagged projects for Rs 97 billion.