Page 10 - India's Infrastructure

India emerges as AIIB's top market for funding infrastructure projects

Given the sheer size of infrastructure development taking place across the country, India has emerged as the biggest project funding market for the Asian Infrastructure Investment Bank (AIIB), a top bank official said on Wednesday. Stating that financing of a lot more new infrastructure projects is under discussion for next year, AIIB South Asia Director General Rajat Misra said, Lending to India will continue to grow as the bank balance sheet will also grow. Misra was speaking to PTI on the sidelines of Singapore International Energy Week here. Formed in December 2015, the AIIB has to date funded sovereign Indian infrastructure projects to the tune of USD 10 billion. This works out to more than 20 per cent of AIIB's total infrastructure project funding. For this year, the bank has lent more than USD 1.3billion to Indian projects, including USD 438 million for the Chennai Metro Rail Phase 2 Project (Balance Corridor 5) and USD 250 million for the Second Dam Rehabilitation and ...

39 central ministries, 36 states, UTs onboarded PM Gati Shakti platform

As many as 39 ministries of central government and all 36 states and Union Territories have been onboarded on PM GatiShakti platform, which was launched on October 13, 2021, an official statement said on Thursday. The PM GatiShakti initiative was launched to develop an integrated infrastructure to reduce logistics costs. "Since the launch of PM GatiShakti on 13 October, 2021, 39 ministries of Govt of India, and all 36 states/UTs have been onboarded on PM GatiShakti platform," it said. The commerce and industry ministry also said that the department for promotion of industry and internal trade (DPIIT) has conducted a workshop on October 18 on the development of Digital Learning Resources for Capacity Building on PM GatiShakti National Master Plan. At the workshop, Commerce and Industry Minister Piyush Goyal launched a training module on 'Role of CBIC (Central Board of Excise and Customs) in PM GatiShakti', developed for the Ministry of Finance. Key takeaways from the workshop inclu

PM inaugurates, lays foundation of projects worth 4,200 cr in Uttarakhand

Prime Minister Narendra Modi on Thursday inaugurated and laid the foundation of multiple development projects in Uttarakhand worth nearly Rs 4,200 crore. The projects, numbering 23 in total, will give impetus to infrastructure, education, health, electricity, drinking water, sports, tourism, disaster mitigation and horticulture sectors in the hill state. The projects whose foundation stones were laid by the prime minister at an event in Pithoragarh included 21,398 poly-houses, cultivation of high density intensive apple orchards, five works of double-laning of roads and slope treatment of national highways and the construction of 32 bridges in the state. These also included strengthening of disaster management mechanism, expansion of education, health and sports facilities and development of temples in the Manaskhand area on the lines of Chardham. The projects inaugurated by Modi included various infrastructure development projects and those aimed at increasing availability of ...

Railways safety initiative on the right track, but not yet full steam ahead

Rlys plans infra maintenance two months in advance

DPIIT, Gati Shakti Vishwavidyalaya ink pact to advance national master plan

The Department for Promotion of Industry and Internal Trade (DPIIT) and Gati Shakti Vishwavidyalaya on Wednesday signed a pact for advancing the PM Gati Shakti National Master Plan. Under the MoU, the university will be the nodal agency across the country to design, develop and deliver courses and curriculum related to PM Gati Shakti National Master Plan and National Logistics Policy at various centres in different states, an official statement said. It was signed by Gati Shakti Vishwavidyalaya Vice-Chancellor Manoj Choudhary and Joint Secretary, Logistics Division, DPIIT, E Srinivas, in the presence of Commerce and Industry Minister Piyush Goyal and Railways Minister Ashwini Vaishnaw. More than 16 central ministries and NITI Aayog came together for the signing of the MoU. Vaishnaw emphasised on the importance of the industry-focussed and innovation-driven university courses on railway, metro and high-speed railways. Vaishnaw said 15,000 students will be offered aviation-focussed

BRO to complete world's longest tunnel above 13000 ft in Arunachal Pradesh

BRO will soon complete the longest twin tunnel in the world above 13000 ft which aims to aid faster deployments of weapons and soldiers in forward Tawang areas

Political stability under PM Modi putting rocket fuel into India: Report

The author has pointed out that with the success of Chandrayaan-3, India became only the fourth (and third extant) country to achieve a "soft" landing on the Moon

Key infrastructure sector growth rises to 8% in July 2023: Govt data

Growth of eight key infrastructure sectors rose to 8 per cent in July 2023 compared to 4.8 per cent in the same month last year on expansion in production of coal, crude oil, and natural gas, according to the official data released on Thursday. Production of steel, cement and electricity also grew in July, the data showed. However, the core sector growth was lower in July compared to the previous month when it was 8.3 per cent, the Commerce and Industry Ministry data showed. The output growth of the eight sectors was also lower at 6.4 per cent in April-July 2023-24 against 11.5 per cent in the year-ago period.

Revolutionising logistics: How Gati Shakti is transforming supply chains

By the time the container reaches the port of embarkation, relevant paperwork is already done

India on the move: Gati Shakti helps ministries, states to work as a team

The Gati Shakti approach is beginning to yield results. Earlier this month, the Union Cabinet approved seven railway projects that align with PM Gati Shakti's principles

Gati Shakti directorate accelerates modernisation of 508 railway stations

Shine Jacob & Dhruvaksh Saha track the progress as 24 stations are remodelled and another 508 get green signal for airport-style modernisation

PM Gati Shakti fuels growth in India's inland waterways, says IWAI chairman

'Earlier, water transport did not invite so much focus. It is the most efficient form of transport as it consumes the least energy'

MMRDA aims for Rs 1.4 trn in debt funding, bolstered by 'Gati Shakti'

Sanjay Mukherjee discusses the fundraising plans, the impact of policies such as Gati Shakti and the challenges in city infrastructure projects

Industry leaders laud Gati Shakti for streamlining infrastructure growth

Highlighting why Gati Shakti was required in an already existing bureaucratic system, Akhil Gupta, vice-chairman, Bharati Enterprises, cited the example of telecom tower construction

Gati Shakti master plan: Transforming infra planning with holistic approach

The conversation traverses Gati Shakti's vast spectrum

Unlocking India's infrastructure: How technology powers Gati Shakti mission

Sourabh Lele gives a lowdown on the technology enabling Gati Shakti

Projects worth Rs 12 trn planned under Gati Shakti initiative: Piyush Goyal

Gati Shakti also ensures that if an optical fibre cable or water pipeline has to be laid,it is done in advance, so that the road is not dug up repeatedly

Govt projects in fast lane: Record completion rates hit decade high

Key hurdles: Land acquisition, technical approval, green go-ahead

DMRC planning to construct a subway to connect T3 and T2 at Delhi airport

As things stand, passengers get out of the metro station, which is close to Terminal 3 either walk half a kilometre to the T2 or wait for a shuttle bus operated by the airport

Railways to prepare fresh proposal for Hubli-Ankola railway line in K'taka

The Karnataka High Court has disposed of a batch of petitions challenging the Hubli (Hubballi)-Ankola railway line project after the Railways submitted that a fresh proposal is being worked out, and work will start only after all necessary permissions are obtained. The public interest litigations (PILs) by Giridhar Kulkarni and others had challenged the project on grounds that it would fragment the tiger habitat in the region. The Deputy Chief Engineer, Construction-1, South Western Railways, Hubballi, filed an affidavit before the court stating that as per directions of the National Board for Wildlife (NBWL), a mitigation plan will be worked out in consultation with the Wildlife Institute of India, Dehradun, and a fresh proposal will be submitted. The affidavit stated that the work on the project shall commence only after getting all the necessary clearances and approvals as required under law. The Bench comprising Chief Justice Prasanna B Varale and Justice M G S Kamal on Thursda