INFRASTRUCTURE INVESTMENT INDIA
Asian Development Bank to provide $500 million loan to support sustainable infra projects in India
The Government of India and ADB have signed a USD 500 million loan to support green infrastructure projects in alignment with India's climate goals. The loan will be provided to India Infrastructure Finance Company Ltd. for projects in connectivity, energy transition, urban development, education, and health care sectors.
VCs bullish on AI startups in India despite a fall in funding
Indian AI startups saw a funding dip in 2024, but deal volume increased, with a focus on application-layer ventures. Investors are optimistic about this trend, particularly for applications targeting the US market, mirroring the enterprise software sector. While foundational models remain a US stronghold, India sees opportunities in infrastructure and applications, despite challenges in talent acquisition and rapidly evolving technology.
CII seeks reforms in India's priority sector lending framework
India's industry body, CII, recommends changes to the Priority Sector Lending policy. CII suggests adding new sectors like digital infrastructure and green initiatives. They also propose reviewing current allocations, given the changing economic landscape. Agriculture's share of GDP has decreased, while sectors like manufacturing show growth potential.
IFC invests $75 mn in NDR InvIT¡¯s sustainability-linked bonds
NDR InvIT, India's first warehousing InvIT, secured a groundbreaking $75 million investment from IFC through sustainability-linked bonds. This funding will fuel warehouse expansion, improve infrastructure, and promote eco-friendly practices, including EDGE Certification for existing facilities. The investment reflects the burgeoning Indian warehousing sector's growth potential, projected to reach 500 million sq ft by 2030, driven by ecommerce and manufacturing.
SoftBank's Masayoshi Son unveils $100 billion US investment plan
SoftBank CEO Masayoshi Son will invest $100 billion in the US. The investment will create 100,000 jobs. It will focus on artificial intelligence. Earlier, Son also visited India and he met with Prime Minister Modi and entrepreneurs. The Japanese investor reported a nearly $8 billion profit for the July-September quarter, its highest in over two years.
NACDAC Infrastructure IPO opens today: Check key dates, GMP, price band and other details
NACDAC Infrastructure's ?10 crore SME IPO opened today, closing December 19. The company, specializing in civil and structural services, offers shares at ?33-35 with a GMP of ?40. Proceeds will fund working capital. Listing on BSE SME is expected around December 24.
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Big-bracket investments push states to create social infrastructure
Indian states are bolstering social infrastructure around large electronics manufacturing facilities to support the growing workforce. Initiatives include housing, shopping complexes, recreational spaces, and essential amenities, mirroring successful models in China and Taiwan. This aims to attract investment and enhance the sector's growth.
Don't see any slowdown in public infra funding: Bentley Systems
Bentley Systems, a Nasdaq-listed infrastructure engineering software company, anticipates continued growth in India due to the country's robust infrastructure spending. The company, which supports infrastructure projects globally, sees particular potential in India's water, energy, and renewables sectors.
Infra, mfg, commodity stocks may gain in 2025 on demand revival
There are signs of bottom formation and recovery in commodity prices such as cement, metals and oil, along with gross refining margins of oil companies, the brokerage said in a note to clients.
Private sector will continue to deploy capital, boost investments: CEA Nageswaran
India's Chief Economic Adviser, V Anantha Nageswaran, projected confidence in private sector investments driving GDP growth to 35% over the next five years. He reaffirmed the 6.5-7% real economic growth projection for the current fiscal year and emphasized the need to leverage domestic growth drivers amidst a challenging global landscape.
Budget 2025 needs to boost infrastructure spending for GDP growth
Experts urge a 30% boost in India's infrastructure spending for the upcoming 2025 budget, aiming for ?18 lakh crore. This increase is crucial to revive GDP growth, with infrastructure investment offering higher returns compared to direct benefit transfers. Prioritizing infrastructure and attracting private partnerships are key to achieving India's $7 trillion economy goal by 2030.
India must invest in rural regions to boost economic growth, says Lakshmi Venu
Lakshmi Venu, director of TAFE, highlighted the transformative growth in rural India, particularly in financial infrastructure and entrepreneurial spirit. She emphasized fostering rural entrepreneurship by connecting rural products with urban markets through platforms like quick commerce to boost economic growth.
India needs $2.2 trillion investment on infra to become 7$ trillion economy by 2030: Report
India needs a $2.2 trillion infrastructure investment to reach a $7 trillion economy by 2030. Private participation has fallen sharply, necessitating radical measures to boost investment. Increased private investment will ease the burden on government spending and support broader economic growth. Renewable energy, data centers, and logistics are key sectors for private investment.
Investments in EV worth $40 billion are expected by 2030
India anticipates $40 billion in EV investments over the next 5-6 years, focusing on lithium-ion batteries and domestic manufacturing. This surge in investment, despite slower EV adoption, is expected to create significant real estate opportunities, including land for manufacturing and charging infrastructure development, potentially exceeding 45 million sq ft by 2030.
Economy likely to expand by 6.8% in FY25: S&P
India's economy is projected to grow by 6.8% in 2024-25 and 6.9% in 2025-26, driven by urban consumption, services, and infrastructure investment. Despite a recent slowdown to 5.4% GDP growth in Q2 2023-24 due to weak manufacturing, S&P Global Ratings remains optimistic. They anticipate modest monetary policy easing and declining inflation in the coming years.
Morgan Stanley Infra Partners-backed Continuum Green Energy files for Rs 3,650-crore IPO
Continuum Green Energy, an Indian power producer backed by Morgan Stanley Infrastructure Partners and Just Climate, has filed for an initial public offering (IPO) valued at Rs 3,650 crore. The IPO includes fresh equity shares worth Rs 1,250 crore and an offer-for-sale (OFS) of shares worth Rs 2,400 crore by the promoter entity, Continuum Green Energy Holdings Limited, according to the draft prospectus.
Land prices surge across India's top micro-markets
India's urbanization and infrastructure projects are driving up land prices in major metropolitan areas. Connectivity improvements and new airports are fueling appreciation, with some areas expected to see a nearly four-fold increase by 2030. However, land acquisition challenges and rising costs pose obstacles for developers and investors.
India is and will remain the biggest geography for us in Asia: Jean Salata, Chairperson EQT Asia
EQT Partners, a Swedish private equity firm, has invested significantly in India, deploying $6 billion in 18 months and realizing $2.4 billion in 24 months. They plan to expand into infrastructure, real estate, and industrial technology, with a focus on buyouts.
Amazon India acquires Lodha¡¯s 38-acre land parcel in Palava near Mumbai for 450 cr
Amazon India has acquired a 38.18-acre land parcel in Palava near Mumbai from Lodha for over Rs 450 crore to develop a hyperscale data centre. This purchase includes around 4.16 million sq ft of floor space index. The transaction underscores Amazon's commitment to India's digital transformation and increasing data centre investments.
Any dip a good opportunity to buy ITC; bullish on metal stocks going forward: Deven Choksey
Deven Choksey believes that ITC's hotel, FMCG, and agri sectors show clear growth potential. He regards dips in stock prices as opportunities to invest. In metals, steady energy prices and strong demand outlook suggest a positive outlook. Retail consumption may increase with a potential decrease in EMI costs, boosting strong retail businesses.
Transition to renewable energy needs ?30 lakh crore in 7-8 years: Renewable energy secretary Prashant Kumar Singh
Renewable energy secretary Prashant Kumar Singh emphasizes the need for ?30 lakh crore funding over the next 7-8 years for India¡¯s energy transition. At the CII Partnership Summit, he highlights the rapid growth in solar capacity and the importance of bank financing and storage solutions for achieving the 500 GW renewable capacity target by 2030.
Central government capex to surge by 25 pc YoY in second half of FY25: Jefferies
The central government's capital expenditure is projected to increase by 25% YoY in the second half of FY25, focusing on infrastructure development over populist policies. Despite foreign investor outflows, strong domestic inflows and robust capex spending suggest a stable outlook for India's markets.
Forecasting is a really difficult business. GDP data proves it yet again
India's Q2FY25 GDP growth slowed to 5.4%, lower than expected. This highlights the unpredictability of future events, even for experts. Investors should be cautious of trend extensions and avoid blindly following predictions. Instead, focus on fundamental analysis and continuous updates of forecasts. Remember, all returns are made in the future, and making accurate forecasts is key to successful investing.
Equinix continues India expansion, buys out Mumbai data centre landlord
Equinix Inc. has acquired the land housing its data centre in Mumbai¡¯s Chandivali for Rs 155 crore, enhancing its infrastructure. The data centre, operational since 2019, spans 58,000 sq ft. Equinix is also expanding with additional centres in Mumbai and Chennai, driven by India's growing demand for data facilities and technological advancements.
Masayoshi Son¡¯s vision for India; Stellaris¡¯ $300-million fund
Happy Thursday! SoftBank's Masayoshi Son outlined plans to make India a global chip hub, during his India visit. This and more in today¡¯s ETtech Morning Dispatch.
France keen to invest in India¡¯s aeronautical, transport & clean energy sectors: Trade Minister
French Trade Minister Sophie Primas, during her India visit, highlighted significant investment opportunities for French companies in India's aeronautics, transport infrastructure, and clean energy sectors. She emphasized the growing France-India strategic partnership, aiming to boost bilateral trade beyond its current high and leverage French expertise to support India's infrastructure development.
Government to revamp infrastructure lender IFCI, sources say
India is restructuring IFCI Ltd, halting its lending operations due to capital limitations. The government-owned non-bank lender will transition into an infrastructure advisory firm, focusing on evaluations for state and green projects. A capital infusion of 5 billion rupees is planned to prevent defaults, alongside asset monetization and office space rentals.
India spent $14 trillion on investments since Independence; more than half of it spent in last 10 years, says Motilal Oswal report
India has witnessed an investment boom, pouring $8 trillion into its economy in the last decade alone, according to a Motilal Oswal report. This surge in investment is projected to continue, with an additional $8 trillion expected over the next five years. The report highlights the country's recovering investment-to-GDP ratio, driven by post-pandemic measures and increased government spending.
AMPIN Energy Transition, CIP collaborate for $300 mn investment in India
AMPIN Energy Transition and Copenhagen Infrastructure Partners (CIP) have expanded their partnership to invest a total of USD 500 million in Indian renewable energy projects. This collaboration aims to establish a renewable energy asset base worth USD 2.7 to 3 billion, solidifying their commitment to India's clean energy transition.
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