Latest news with #NationalMonetisationPipeline
&w=3840&q=100)
Business Standard
26-05-2025
- Business
- Business Standard
SBI Life, Vidyaniti acquire 4.25% stake in NHIT for Rs 1,100 crore
SBI Life Insurance and Vidyaniti LLP on Monday bought a 4.25 per cent unit-holding in National Highways Infra Trust for Rs 1,100 crore through the open market transaction while NHAI divested 8.24 crore units in the Trust. A total of 8.24 crore units, representing a 4.25 per cent unit-holding, was acquired by both entities. According to the block deal data available on the NSE, SBI Life Insurance Company picked up more than 3.74 crore units or 1.93 per cent holding in NHIT. Vidyaniti LLP also bought over 4.49 crore units, amounting to a 2.3 per cent unit-holding in National Highways Infra Trust, as per the data on the exchange. The units were picked up at an average price of Rs 133.57 per unit, taking the combined transaction value to Rs 1,100.61 crore. Meanwhile, NHAI offloaded 8.24 crore units of NHIT at the same price, as per the data on the National Stock Exchange (NSE). On Monday, National Highways Infra Trust's units were closed on a flat note at Rs 133.50 a unit on the NSE. National Highways Infra Trust (NHIT), an infrastructure investment trust (InvIT) sponsored by the National Highways Authority of India (NHAI), was set up in 2021 to support the government's National Monetisation Pipeline. In March, SBI Mutual Fund sold a 4.7 per cent stake in NHIT for Rs 815 crore.
The Hindu
26-05-2025
- Business
- The Hindu
VSP lands may be put up for sale as part of NMP-II, opines BV Raghavulu
CPI-M Polit Bureau member B. V. Raghavulu has expressed apprehension that the Centre will sell Visakhapatnam Steel Plant (VSP) lands as part of its second phase of asset monetisation plans. He was referring to the announcement on the National Monetisation Pipeline (NMP-II) at a media conference here on Monday (May 26). Deploring the adamant attitude of the Modi government to go ahead with its decision on strategic sale of VSP ignoring the agitations by workers and trade unions of all parties, Mr. Raghavulu strongly condemned the termination of contract workers without payment of any compensation to them. Referring to the statements of Chief Minister N. Chandrababu Naidu that Visakhapatnam region would be developed as a 'steel hub', he wondered whether it could be achieved by killing the existing public sector VSP and bringing a new private steel plant. Prime Minister Narendra Modi was talking of India becoming a $5 trillion economy. The steel industry in the country would have a major role to play in achieving it. We demand not only protection of VSP but also its expansion and recruitment of more workers and staff towards achieving the projected demand for steel. He called upon Telugu people to oppose the monetisation of public assets, and to demand allocation of captive mines and further strengthening of VSP. Mr. Raghavulu ridiculed Mr. Chandrababu Naidu and Deputy Chief Minister K. Pawan Kalyan for neither raising the VSP issue nor the issues concerning AP at the NITI Aayog meeting. While other Opposition-ruled States and even those from BJP-ruled States had sought solutions to issues pertaining to their respective States at the meeting, Mr. Naidu and Mr. Pawan Kalyan were content with heaping lavish praises on the Prime Minister. The Prime Minister, who was talking of 'Viksit Raj (State) and Viksit Bharat', was not keen on increasing the tax share of States or payment tax arrears to the States. The CPI-M polit bureau member wondered how the States would develop when they were not given a fair share in the tax revenues. Mr. Naidu, who used to talk of following the federal spirit in the past, seems to have forgotten it now. He opined that Mr. Naidu was sacrificing the interests of the State. Replying to queries, Mr. Raghavulu said that around 1,000 acres of land was enough to build the capital. Mr. Naidu was now going for an additional 55,000 acres of land. This way, another five years would roll by and the problem would be back to square one. He demanded a halt to 'Operation Kagar', and holding of peace talks with the Maoists.
&w=3840&q=100)
Business Standard
04-05-2025
- Business
- Business Standard
India's liberal FDI policy offers major investment opportunities: Deloitte
India's liberalised foreign direct investment (FDI) policy offers stability, predictability and sector-agnostic investment opportunities for global investors looking to tap into its vast and expanding economy, Deloitte India said on Sunday. It also said that sectors like pharmaceuticals, auto and tourism are not only FDI magnets but also engines of employment, exports, and innovation, driving India's next growth wave. India has made a significant advancement by allowing 100 per cent foreign direct investment under the automatic route in most sectors, including key areas like insurance, insurance intermediaries, tourism construction, hospitals, and medical devices. "The move signals not just openness but stability, offering global investors predictable, sector-agnostic opportunities to enter India's vast and growing economy," Rumki Majumdar, Economist, Deloitte India, said. She also said that backed by the USD 70-billion National Monetisation Pipeline and industrial corridor development across over 100 cities, India is offering plug-and-play investment-ready zones to global investors. Sectors like tourism (contributing over USD 199.6 billion to GDP) and hospitality now allow 100 per cent FDI in construction of hotels and recreation facilities, further enhancing India's image as a transparent and stable investment magnet, Majumdar said, adding this convergence of infrastructure push and FDI liberalisation is creating unprecedented opportunities across logistics, real estate, and urban development. Cumulatively, during the April-December 2024-25, FDI inflows into the country registered a growth of 27 per cent to USD 40.67 billion as against USD 32 billion in the same period of 2023-24. Further, she said that India is strengthening its role in global commerce with trade agreements covering several countries. "These agreements are removing tariff and non-tariff barriers, bolstering the Make in India thrust, and supporting India's long-term pivot from preferential trade access to becoming a pivotal player in global commerce," Majumdar added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
04-05-2025
- Business
- Time of India
India's liberal FDI policy offers huge investment opportunities for global investors: Deloitte
India's liberalised foreign direct investment (FDI) policy offers stability, predictability and sector-agnostic investment opportunities for global investors looking to tap into its vast and expanding economy, Deloitte India said on Sunday. It also said that sectors like pharmaceuticals, auto and tourism are not only FDI magnets but also engines of employment, exports, and innovation, driving India's next growth wave. #Pahalgam Terrorist Attack India much better equipped to target cross-border terror since Balakot India conducts maiden flight-trials of stratospheric airship platform Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad India has made a significant advancement by allowing 100 per cent foreign direct investment under the automatic route in most sectors, including key areas like insurance, insurance intermediaries, tourism construction, hospitals, and medical devices. "The move signals not just openness but stability, offering global investors predictable, sector-agnostic opportunities to enter India's vast and growing economy," Rumki Majumdar, Economist, Deloitte India, said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo She also said that backed by the USD 70-billion National Monetisation Pipeline and industrial corridor development across over 100 cities, India is offering plug-and-play investment-ready zones to global investors. Sectors like tourism (contributing over USD 199.6 billion to GDP) and hospitality now allow 100 per cent FDI in construction of hotels and recreation facilities, further enhancing India's image as a transparent and stable investment magnet, Majumdar said, adding this convergence of infrastructure push and FDI liberalisation is creating unprecedented opportunities across logistics, real estate, and urban development. Live Events Cumulatively, during the April-December 2024-25, FDI inflows into the country registered a growth of 27 per cent to USD 40.67 billion as against USD 32 billion in the same period of 2023-24. Further, she said that India is strengthening its role in global commerce with trade agreements covering several countries. "These agreements are removing tariff and non-tariff barriers, bolstering the Make in India thrust, and supporting India's long-term pivot from preferential trade access to becoming a pivotal player in global commerce," Majumdar added.
News18
30-04-2025
- Business
- News18
Maharashtra Govt Sets Up Investment Platform To Boost Infrastructure Funding
Last Updated: The new platform will help streamline and accelerate the development of fundamental infrastructure projects by attracting public and private investments through a regulated system The Maharashtra government, in a major move to ensure long-term and stable funding for critical infrastructure like roads and bridges, has approved the creation of a dedicated investment trust platform named 'Maha InVit' (Maharashtra Infrastructure Investment Trust). The decision was finalised in a cabinet meeting chaired by chief minister Devendra Fadnavis earlier this week. The new platform will help streamline and accelerate the development of fundamental infrastructure projects by attracting public and private investments through a structured and regulated system. The initiative will serve as a fixed-return investment model, offering public sector investors a stable channel to invest in infrastructure. It is expected to significantly boost Maharashtra's capacity to fund major road and transport projects without relying solely on budgetary provisions. The 'Maha InVit' trust will be set up as an independent entity under government oversight. Key infrastructure bodies, including the Public Works Department (PWD), Maharashtra State Road Development Corporation (MSRDC), and Maharashtra Infrastructure Development Corporation, will transfer selected revenue-generating assets into the trust. This mechanism will allow the trust to raise long-term capital from the market, which can then be reinvested into newer infrastructure projects. Officials said this would create a self-sustaining investment cycle for roads, highways, and other public works. The state government has also appointed a special purpose vehicle (SPV) to operationalise the trust structure. Approvals have been granted for this model, which is aligned with recommendations from the central government's National Monetisation Pipeline (NMP). Maharashtra aims to be among the first states to implement such a model effectively. The move is being hailed as a visionary step, ensuring that upcoming projects are not delayed due to funding gaps. With more predictable returns, government bodies and investors are likely to participate actively. Officials believe this will lead to quicker project execution, improved public amenities, and better-quality roads. Maha InVit is expected to change how infrastructure is financed in the state—shifting from ad-hoc funding to a reliable, investment-driven approach. First Published: April 30, 2025, 10:00 IST
