Page 13 - India's Infrastructure

PM Narendra Modi to inaugurate Bengaluru-Mysuru Expressway project today

Prime Minister Narendra Modi is scheduled to visit Karnataka on Sunday to inaugurate the Bengaluru-Mysuru Expressway to the nation and will lay the foundation stone

Centre giving more thrust to infrastructure push along border: Arunachal CM

Arunachal Pradesh Chief Minister Pema Khandu Friday said the Central government is capable enough to tackle the border issue between India and China, and accordingly giving more thrust to infrastructure development. The process of building adequate infrastructure, particularly border connectivity, is being speeded up in the northeastern state. Work on the 2000-km-long Arunachal Frontier Highway has already started in certain sections and work is going on in full swing for construction of the Sela tunnel, located at a height of 13,700 feet. Responding to a question of Congress MLA Ninong Ering, the chief minister said that the Centre has increased the presence of army and para-military personnel on the border with China after the recent standoff between both neighbours. Referring to the recent face-off between Indian and Chinese soldiers at Yangtse in Tawang district of the state, Khandu said, India is not as before and the situation has changed after the BJP-led NDA came to power a

Suraksha Group's takeover of Jaypee Infratech gets NCLT approval

Suraksha Realty had made the winning bid of Rs 7,736 crore as against government-owned NBCC India's Rs 6,536 crore offer in June 2021

Upcoming retail trade policy to help brick and mortar traders: Centre

The Centre plans to come out with a retail trade policy which would provide more credit and better infrastructure to brick and mortar traders

Andhra Pradesh received Rs 13 trillion as investments: CM Jagan Mohan Reddy

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, the Chief Minister said MoUs worth Rs 11.85 lakh crore will be signed today and the rest would be formalised on Saturday. He also said the investment proposals are from Reliance, Adani Group, Aditya Birla group, ReNew power, NTPC and Aurobindo Group among others. Reddy reiterated that Visakhapatnam would become the executive capital of Andhra Pradesh in the days to come and he will be moving over to the port city. "It is a proud moment to announce that the state has received 340 investment proposals with an investment of about Rs 13 lakh crore providing employment to almost six lakh people across 20 sectors," he said. He further said 2023 is an important year for India as the country is hosting the G20 summit unde

Lucknow airport to get a major upgrade, Adani Group to invest Rs 5,000 cr

Lucknow's Chaudhary Charan Singh International Airport (CCSIA) will soon get a massive upgrade

TMS Ep367: India's infra ambitions, Railways, markets, pledging of shares

Will the Adani crisis affect India's infra ambitions? What challenges Budget bonanza present to Railways? Which risks did Q3 earnings highlight for India Inc? What is pledging of shares? Answers here

Prez Murmu lauds govt's steps to deal with infra development challenges

President Droupadi Murmu on Tuesday said the government has taken concrete steps and has prepared the PM Gati-Shakti National Master Plan to deal with infrastructure development challenges. The states and Union Territories have also shown enthusiasm regarding the PM Gati-Shakti National Master Plan and this will expand multi-modal connectivity in the country, she said. "Over the past decades, we have noticed two major challenges in building infrastructure in India. Firstly, large infrastructure projects could not be completed on time. Secondly, different departments and governments worked according to their own convenience," she said. This, the President said, not only resulted in the misuse of government resources and time overruns, but also led to inconvenience to the common man. "My government is striving to make India the most competitive logistics hub of the world. For this, the National Logistics Policy was launched in the country last year," she said. Implementation of this

To ease debt, L&T looks to offload Nabha Power, pare Hyd Metro stake

The objective is to reduce the Rs 18,000-crore debt on the books of these firms, said D K Sen, whole-time director and senior executive vice-president (development projects), L&T

Sebi proposes major changes in investor grievance redressal mechanism

Along with making the process completely online, Sebi has suggested measures for reducing cost

Ongoing divestment, healthy order inflows positive for Larsen & Toubro

Analysts expect a 12-15 per cent upside from current levels

Revisiting international trade's role in domestic development

Unlocking trade-enabled economic development alongside tenets of development including gender equity, income inequality, infrastructure, and other SDGs is very much possible

364 infrastructure projects show cost overruns of Rs 4.52 trillion: Report

As many as 364 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.52 lakh crore, as per an official report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,476 projects, 364 reported cost overruns and as many as 756 projects were delayed. "Total original cost of implementation of the 1476 projects was Rs 20,84,124.75 crore and their anticipated completion cost is likely to be Rs 25,36,179.03 crore, which reflects overall cost overruns of Rs 4,52,054.28 crore (21.69% of original cost)," the ministry's latest report for November 2022 said. According to the report, the expenditure incurred on these projects till November 2022 was Rs 13,67,245.45 crore, or 53.91 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 626 if delay is calculated on the basis of the lates

Govt says creating infra for easy access to medical services for workers

The government is focused towards creating an infrastructure for easy access to medical services for the workers, Labour Minister Bhupender Yadav said on Thursday. Yadav was addressing the Graduation Ceremony of the 4th Batch of ESIC Dental College and Hospital, Rohini, New Delhi, a labour ministry statement said. The Graduation Ceremony of the students of the 2015 and 2016 batches of Employees' State Insurance Corporation (ESIC) Dental College and Hospital was held at Siri Fort Auditorium today, it stated. Yadav said that rendering medical services is the best way to serve society. The Union government is focused on creating an infrastructure for easy access to medical services for the workers of our country, the minister said. Minister of State for Labour and Employment Rameswar Teli in his address to the students applauded the efforts made by the doctors and para-medical staff of ESIC during the uncertain times of COVID-19 for serving the needy. Labour Secretary Arti Ahuja sa

PM Modi to inaugurate projects worth Rs 75,000 crore in Maharashtra

Prime Minister Narendra Modi will visit Maharashtra on Sunday to lay the foundation stone and inaugurate projects worth Rs 75,000 crores

We are committed to India; review process is normal: Amazon India's Tiwary

In an interview with Peerzada Abrar, Tiwary said India has become the innovation hub for the company for the rest of the world. Edited excerpts

Way clear for India's longest elevated 6-lane flyover in Kerala's Alappuzha

The decks have been cleared for the work to begin on the construction of the country's longest elevated 6-lane flyover in Kerala's Alappuzha district at a cost of Rs 1,668.50 crore

We see strong double-digit topline growth in FY23: Tata Projects MD

Vinayak Pai, who took over as the top man in the firm this July, dwells on the existing and prospective projects, and the future roadmap of the company

India to offer slew of incentives to boost shipbuilding industry: Report

The plans include subsidies so that at least 50 new vessels can be built as well as the granting of "infrastructure status" to the industry which would help with financing from banks, said the govt

Global funds may invest $25 bn a year in Indian infra, says Ambit Capital

Ambit Capital MD Rahul Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds