Big News: Andhra Pradesh presents the State Budget 2024-25 with an outlay of $34.8 billion; Uttar Pradesh approves two major semiconductor projects worth more than $3.8 billion; Andhra Pradesh approves the draft Land Grabbing Prohibition Bill; Madhya Pradesh increases the reservation for women in government jobs from 33 to 35 percent; and more.
Haryana announces the provision of free cataract surgeries at all the 26 government hospitals and 15 private hospitals in the state. Source: Daily Excelsior; In detail: Press release
Gujarat introduces guidelines to promote renewable energy procurement from solar projects up to 5 MW and wind projects up to 10 MW without following the competitive bidding process. As per the guidelines, domestic content requirement mandate for modules is exempted, allowing more flexibility in component sourcing. Source: Mercom: In detail: Guidelines
Nothing critical to report this week.
Uttar Pradesh State Industrial Development Authority (UPSIDA) and the National Industrial Corridor Development Corporation (NICDC) sign a State Support Agreement and Shareholder Agreement to develop industrial clusters in Agra and Prayagraj. The clusters are being developed to incentivize manufacturing and investments in the state. Source: The Print; In detail: Press Release
Uttar Pradesh approves an amendment to the Uttar Pradesh Incentive Policy 2023. The amendment aiming to increase foreign direct investment in the state will allow firms to raise funds through foreign investment not non-equity resources such as reference shares, debentures, external commercial borrowing, standby letters of credit, letters of guarantee, and other debt securities. Source: Indian Express; In detail: Cabinet Decision (Hindi)
Uttar Pradesh approves two major semiconductor projects worth more than $3.8 billion in the state. The projects aim to promote the state as a semiconductor fabrication hub. The two private sector plants are proposed to be set up in Noida. Source: Business Standard
Andhra Pradesh approves the draft Land Grabbing Prohibition Bill, aiming to strengthen measures against illegal land encroachments and protect property rights of citizens. The bill is expected to enhance legal frameworks surrounding land ownership and security. Source: Hans India; In detail: Andhra Pradesh Land Grabbing (Prohibition) (Amendment) Act, 1987
Meghalaya approves the Meghalaya Building Byelaws amendment aimed at regulating the construction of buildings in industrial zones across the state. The new regulation would be applicable in designated industrial estates. Source: Deccan Herald; In detail: Cabinet decisions (Video)
Andhra Pradesh releases the State Budget 2024-25 with an outlay of $34.8 billion. The budget focuses on infrastructure development, agricultural growth, and technological advancement. Source: Telugu 360; In detail: Budget at a glance
Madhya Pradesh increases the reservation for women in state government services from the current 33 percent to 35 percent. Source: Indian Express; In detail: Cabinet Decision
Jammu and Kashmir passes a resolution asking the central government to hold talks with elected representatives to restore the special status of the erstwhile state. Source: Business Standard; In detail: Press release
Andhra Pradesh constitutes the State Investment Promotion Board (SIPB), headed by the chief minister Chandrababu Naidu and the State Investment Promotion Committee headed by the Chief Secretary Neerabh Kumar Prasad. Source: Tartv; In detail: Government Order
Rajasthan sanctions over $78 million to speed up the implementation of the work being carried out under the “Jal Jeevan Mission”. The mission aims to provide tap water connections to households in 507 villages and benefit 112,000 households in the state. Source: Press Trust of India; In detail: Press Release
Nothing critical to report this week.
Nothing critical to report this week.
