Kerala Affairs
Vizhinjam project will attract 60,000 crore investment: Fin min
Finance minister K N Balagopal said that Kerala will become a manufacturing hub if Vizhinjam port becomes a reality.
He was speaking after the inauguration of the first edition of Made in Kerala award ceremony of the state council of the Federation of Indian Chambers of Commerce and (FICCI) held Saturday.
It is expected that an Investment of Rs 60,000 crore will come to the state with the creation of a new development zone in the area from Vizhinjam to Paripally, the minister said. He said that the governments policy is to promote value-added products as much as possible.
National and International Affairs
Indiawas among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report byKotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.
Indias outperformance comes on the back of a sharper decline in ECM activity in major markets such as theUnited Kingdom,Australiaand<a href="https://currentaffairs.adda247.com/india-and-japan-to-conduct-joint-exercise-to-strengthen-cooperation-in-air-DEFENCE/”>Japan. ECM activity globally took a hit on account of heightened volatility amid rising interest rates.