Page 11 - India's Infrastructure

JSW Steel to boost long steel capacity to tap infrastructure boom

As the company increases production, raw material security is also on its radar

Larsen & Toubro planning to invest as much as $12 bn over next five years

L&T Energy Green Tech, a unit of the conglomerate, will execute the clean energy strategy and over time may expand into fuel cells, grid batteries and hydrogen vending

Rapid infra modernisation; India to be developed nation by 2047: R K Singh

Carbon trading to open for countries which buy Indian Green H2

'India to be a developed nation by 2047, modernising infra at rapid pace'

Union Minister R K Singh on Friday said India is poised to become a developed nation by 2047, as the country is modernising its infrastructure at a rapid pace. Addressing a press conference Singh said, "Now we are transforming ourselves into a developed country. We will be a developed country." Stressing that India is modernising its infrastructure at a rapid pace, he said the total length of expressway at present is 3,106 km, which was 353 km in 2014. He said that under the leadership of Prime Minister Narendra Modi, India will be a developed country by 2047. The minister stated that the pace of infrastructure development is unprecedented and capital expenditure for the purpose has increased nearly five times since 2014, when the NDA government came into power and trebled since 2019. He stressed that there has been rapid pace of modernisation of infrastructure development in the country and cited the example of roll out of Vande Bharat Express service which is an engine-less ...

The coming quality test of progress

India's infrastructure, products and people will increasingly face the Q-test as mobility, economy and interconnectedness gather speed

Power, infra, fertilsiers: How centre is incentivising states for reforms

Fund transfer linked to them meeting certain benchmarks in improving sectors

Rushed green nod, poor planning in focus as rains wash away hill roads

Another major concern, according to experts, is the way these projects are awarded

Construction mkt shows positive outlook, tech enabling good returns: Survey

The Indian construction market exhibits a positive outlook with 84 per cent of respondents feeling optimistic about the sector compared to 66 per cent globally, a KPMG survey said on Friday. KPMG's Global Construction Survey said there is a sense of enthusiasm regarding the potential government funding, investment and incentives for significant infrastructure projects. "The survey findings exhibit a strong outlook for our Indian construction industry, driven by the government infrastructure stimulus, manufacturing incentives and private sector commitments. This is reflected in a significant proportion of our participants, indicating 20 per cent revenue growth or increase in capital investments in the next 12 months," KPMG in India, Partner, Major Projects Advisory and Industry 4.0, Suneel Vora said. Digital and innovative technologies are generating handsome returns on investment and generating real-time cost reductions, Vora added. The government's announcement of National ...

India's key infrastructure sectors' growth slows down to 4.3% in May

The growth of eight key infrastructure sectors slowed down to 4.3 per cent in May 2023 due to a decline in the production of crude oil, natural gas, and electricity. The core sector growth was 19.3 per cent in May 2022 while in April 2023 the key infra sectors recorded a growth rate of 4.3 per cent. During April-May this fiscal, the output growth of these eight sectors slowed down to 4.3 per cent as against 14.3 per cent in the year-ago period.

G20 infra summit: Yoga retreat to Ganga aarti, Rishikesh gets a makeover

From Dinner Gala to Ganga Aarti, and a visit to a 'model town, Rishikesh is setting the tone for the last G20 meet in the state

National Investment & Infrastructure Fund in talks to raise $244 mn

Infrastructure investment trusts, known as InvIT for short, are like mutual funds and allow pooling of assets for financing projects and can help make up the shortfall in investment

US actively working to help India attract private capital: Yellen

The US is actively working to help India attract more private sector capital to close its infrastructure gap, Treasury Secretary Janet Yellen said and asserted that India-US innovations can help push down the cost curves of new technologies and accelerate the world's transition to a net-zero economy. Yellen's comments come ahead of Prime Minister Narendra Modi's official State Visit to the US next week. Describing India as one of the US's reliable trading partners, Yellen on Tuesday said the two countries are working to connect new communities to the global market so that they can move up the value chain. "Looking forward, I believe that we have significant potential to grow trade and investment between our nations. Both of our countries are advancing what I call 'modern supply-side' policies -- investing in human capital, physical capital, and science and technology to boost our long-term economic potential," Yellen said at the annual India Ideas Summit of the US-India Business ...

India train crash shows importance of getting infrastructure basics right

It's far better to think small than to think big. Working on the plumbing is less glitzy than building a fancy facade, but it can be far more rewarding in the long run

379 infra projects show cost overruns of Rs 4.64 trillion in April

As many as 379 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.64 lakh crore in April 2023, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,605 projects, 379 reported cost overruns and as many as 800 projects were delayed. "Total original cost of implementation of the 1,605 projects was Rs 22,85,674.25 crore and their anticipated completion cost is likely to be Rs 27,50,591.38 crore, which reflects overall cost overruns of Rs 4,64,917.13 crore (20.34 per cent of original cost)," the ministry's latest report for April 2023 said. According to the report, the expenditure incurred on these projects till April 2023 was Rs 14,13,592.88 crore, which was 51.39 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreases to 598 if dela

FM reviews infra projects under NICDIT, urges states to tie up loose ends

Finance Minister Nirmala Sitharaman on Tuesday reviewed the progress of projects under the National Industrial Corridor Development and Implementation Trust (NICDIT) and urged states to tie up loose ends and resolve all pending issues through greater exchange. NICDIT seeks to create greenfield smart industrial cities with sustainable 'plug n play' and information and communications technology ICT-enabled utilities. It is within the overall framework of PM GatiShakti National Master Plan NMP. It aims to create quality infrastructure and keep land parcels ready for allotment to attract investments in the manufacturing sector and position India strongly in Global Value Chains (GVCs). Addressing the second meeting of the apex monitoring authority of the NICDIT organised in hybrid mode here, Sitharaman urged all the states to tie up loose ends and move forward and resolve all pending issues through greater exchange and sharing of information to expedite the progress of works in the ...

To maximise efficiency, RapidX will move cargo during non-peak hours

To this end, the depots of the RapidX transport system will have warehouses, and different trains will be deployed to transport cargo

From inclusive banking to inclusive insurance

As insurance penetration deepens, India will have a decent pool of long-term funds to support infrastructure building and the government's borrowing programme, easing the burden on the banking system

Covid highlighted need for more robust health architecture: Mandaviya

The Covid pandemic has exposed the fault lines in the global health architecture and highlighted the need to make it more robust, inclusive, and responsive while maintaining the centrality of WHO, Union Health Minister Mansukh Mandaviya said on Saturday. Virtually addressing the G7 Health Ministerial meeting on Global Health Architecture in Japan's Nagasaki, he said, "When it comes to managing a health emergency, a country's health system is heavily dependent on the global health system." The Union health minister cautioned against fragmented and siloed efforts in addressing the challenges faced by the world and underlined the need for collaborative efforts to ensure global health security, including a focus on promoting health equity. While multiple global efforts are underway, there is a need to ensure the convergence of these ongoing initiatives, he noted. "The COVID-19 pandemic has brought to the forefront the fault lines in existing global health architecture and emphasised th

Trai recommends IB ministry to grant infra status to telcos, broadcasters

To ensure compliance, Trai suggested that the ministry may consider mandating a standard undertaking which would be required to be submitted by each service provider on an annual basis

Real estate demand firm, retail leasing up by 130% YoY: CBRE Report

High-ticket projects that cost Rs 1.5 crore or more would continue to see high-demand. The impact of rising home loan interest rates is likely to be limited