You are here

Topic: Investments

A UK-based company is planning to set up a semiconductor fabrication unit in Odisha’s Ganjam district with an investment of Rs 30,000 crore in the first phase. News 

Odisha to Receive Rs 30,000 Crore Investment from UK Company, Resulting in 5,000 New Jobs

Febin Mathew, , ,

Officials have announced that a company from the UK intends to establish a semiconductor fabrication facility in the Ganjam district of Odisha. The company plans to invest Rs 30,000 crore in the initial phase of the project. SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed an MoU with the state government on March 26 to set up a semiconductor unit in the state. After visiting some places near Chhatrapur in the district, officials of its Indian company under…

Read More
Finance Minister Nirmala Sitharaman on Tuesday said the GST Council is deliberating on taxation policy for online gaming and exuded confidence that the sector will attract investment once it is finalised. News 

Online gaming to attract investment after tax policy is finalised: Nirmala Sitharaman

Febin Mathew, , , , ,

Finance Minister Nirmala Sitharaman on Tuesday said the GST Council will discuss the taxation policy for online gaming and expressed confidence that the sector will attract investment once finalized. He was responding to a question from Korean gaming company Krafton about which games India plans to attract foreign investment in gaming companies. The Minister said that the GST Council will hold ministerial-level discussions on various aspects of online gaming, including taxation and regulation. The Goods and Services Tax Council is chaired by Sitharaman and consists of state finance ministers. “When…

Read More