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More than 400 projects with an investment of 8 lakh crores have been selected and projects worth around one lakh crore Rupees are in different stages of implementation.
The Ministry approved 1,24,521 affordable houses for urban poor yesterday taking the total number of such houses being constructed under PMAY(Urban) with an approved investment of Rs.95,671 cr so far.
Financial Implications: The minimum initial investment towards the membership of EBRD will be approximately 1 (one) million. However, this assumption is based on India deciding to buy the minimum number of shares (100) required for obtaining the membership.
Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on Income. To avoid burden of double taxation between the two countries in order to promote flow of investment and services.
The mega food park would leverage an additional investment of about Rs. 250 crore in 25-30 food processing units in the park and would eventually lead to a turnover of about Rs.
At present Oil Marketing Companies are in the process of setting up twelve 2G bio refineries with an investment of around Rs.10,000 crore. Further addition of 2G bio refineries across the Country will spur infrastructural investment in the rural areas.
We are promoting micro-irrigation to ensure optimal use of water with increased productivity. I would like AIIB to look into potential investment opportunities in this field and associate with us.
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