Chancellor Naveen Jindal commits Rs 1K Cr to expand O.P. Jindal Global University - Leading Indian industrialist and philanthropist and the founding Chancellor of O.P. Jindal Global University.
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CHENNAI: In an attempt to further reinforce Tamil Nadu’s position as an attractive investment destination for global industries, the state government on Tuesday unveiled a New Industrial Policy, 2021, which aims to attract Rs 10 lakh crore in new investments and create 20 lakh jobs by 2025.
The policy seeks to achieve an annual growth rate of 15% in the manufacturing sector and increase the contribution of the sector to the state’s economy to 30% by 2030, a government release said.
“I am happy to be in your midst as I complete four years of my term as chief minister and enter the fifth year and to see the vast progress the state is making on the industrial front and to unveil a new industrial policy that will help the state leap into its next phase of growth,” chief minister Edappadi K Palaniswami said after unveiling the policy. He also inaugurated eight completed projects involving an investment of Rs 3,377 crore and offering employment to more tha
By siliconindia | Monday, 15 February 2021, 04:17 Hrs In a bid to improve the financial condition of the state-run general insurance companies, the Finance Ministry will put in additional Rs 3,000 crore into them in the ongoing quarter (January-March). The Union Cabinet had last year cleared the proposal to infuse capital into National Insurance, Oriental Insurance and United India Insurance. The government recently sought the Parliament s approval for gross additional expenditure of Rs 6.28 lakh crore for 2020-21 as part of second and final batch of supplementary demands for grants, which includes Rs 3,000 crore for the recapitalisation of the general insurers. The supplementary grants are required for providing additional funds towards recapitalisation of Insurance companies (Rs 3,000 crore) , said the second supplementary demands for grants for 2020-21.
Hiranandani group to invest ₹10,000 crore in Bengal
February 15, 2021
Group companies GreenBase and Yotta Land will acquire the land from Hindustan Motors The Mumbai-based diversified conglomerate, The Hiranandani Group, will set up a logistics and hyperscale data centre park here in West Bengal at an expected investment of ₹10,000 crore.
The group has signed an MoU to acquire a 100-acre land at Uttarpara.
Land will be acquired by Hiranandani Group companies GreenBase and Yotta, respectively, from Hindustan Motors. According to a press statement, a combined investment by the group and their customers is estimated to cross ₹10,000 crore.
Direct investment by the group will be ₹8,500 crore; the remaining ₹1,500 crore by associates.