Indian Infrastructure

Kings Infra signs ₹2,500 cr aquaculture tech park deal with Andhra govt

Kings Infra Ventures Ltd on Monday announced signing of an agreement with the Andhra Pradesh government to develop a Rs 2,500-crore aquaculture technology park near Srikakulam. The 500-acre facility will be India's first AI-driven aquaculture park, Kings Infra said in a statement, positioning the southern state as a hub for technology-enabled sustainable seafood production. Kerala-based Kings Infra will invest Rs 500 crore directly in core infrastructure, processing facilities and research and development, with another Rs 2,000 crore expected from ancillary industries, small businesses and renewable energy ventures, the company said. As per the memorandum of understanding, signed during the recent CII partnership summit held at Visakhapatnam, the project will house hatcheries, indoor farming systems, processing lines and a marine bio-actives division, all integrated through BlueTechOS, the company's proprietary artificial intelligence operating system to be built and operated from .

PM Modi says India moving swiftly on path of development, cites infra push

Prime Minister Narendra Modi on Saturday said infrastructure is a major factor in the economic growth of developed countries around the world, and India is also moving fast on the path of development. The PM was speaking after flagging off four new Vande Bharat Express trains from the Banaras railway station in Varanasi, his Lok Sabha constituency. "Trains like Vande Bharat, Namo Bharat and Amrit Bharat are laying the foundation of a new generation of Indian Railways," Modi said. He said pilgrimage sites are the centres of spirituality and the development work done in Uttar Pradesh in the last 11 years has taken them to a new level. Railway Minister Ashwini Vaishnaw and Uttar Pradesh Chief Minister Yogi Adityanath also attended the event. The new Vande Bharat Express trains will operate on the Banaras-Khajuraho, Lucknow-Saharanpur, Firozpur-Delhi and Ernakulam-Bengaluru routes. The semi-high-speed trains will significantly reduce travel time between major stations, enhance region

Several states likely to tap infra trusts to replicate Delhi's success

States such as Maharashtra, Gujarat and Tamil Nadu are preparing to launch independent InvITs

New projects down 46% in September quarter, value falls to ₹5.2 tn

The projects of the central and state governments fell more than those from the private sector amid the global spike in uncertainty

Work in full swing on ₹1 trillion port connectivity projects: Nitin Gadkari

Nitin Gadkari said multiple port connectivity projects covering 2,700 km will draw ₹1 trillion investment by 2030, while expressway and ropeway projects also progress

Credai urges land reforms, ease of doing biz to boost Indian real estate

Land reforms, ease of doing business, faster building plan approvals with lower charges, skilling, and creation of new cities are required to transform the Indian real estate sector, according to Credai. Realtors' apex body CREDAI, which represents more than 13,000 developers as members, has come out with a report, 'The National Real Estate Development Framework 'Vision 2047' at its annual conference here. "The future of Indian real estate is not just about creating buildings, but about building communities, livelihoods, and aspirations," Credai National President Shekhar Patel said. The report is both a vision document and a call to action, inviting all stakeholders to come together to transform India's real estate sector and make it globally competitive, he added. Patel said the real estate sector would play an important role in making India a developed nation by 2047. To transform this sector, Credai has suggested a framework comprising nine pillars. Seeking land reforms, the

India's rapidly expanding infra network boosting 'Ease of Living': PM Modi

Prime Minister Narendra Modi on Wednesday said it has been 11 years of infrastructure revolution, and asserted that India's rapidly expanding infrastructure network is boosting 'Ease of Living' and enhancing prosperity. "It's been #11YearsOfInfraRevolution, with outstanding infrastructure being added that has enhanced India's growth trajectory," Modi said on X. From railways to highways, ports to airports, India's rapidly expanding infrastructure network is boosting 'Ease of Living' and enhancing prosperity, he said. Modi shared a thread from a government's citizen engagement platform that highlighted new India's infrastructure development over the last 11 years. "Smart Cities. Safer Roads. Smoother Commutes- #NewIndia's Infrastructure Promise. India's infrastructure is racing into the future under PM @narendramodi's leadership," the post on the MyGovIndia read. "It's a journey where steel and spirit merge, and each milestone carries the hopes of a billion. Highways that shorten

Govt aims completion of infrastructure in nine plastic parks by 2025 end

The government is aiming completion of physical infrastructure at all nine plastic parks by end of 2025, according to Chemicals and Petrochemicals Secretary Nivedita Shukla Verma. The government has so far approved a total of 10 plastic parks under a central scheme that provides funding up to 50 per cent of the project cost, capped at Rs 40 crore per park. Currently, there is a stay order on one park in Tamil Nadu by National Green Tribunal. "The parks are in different stages of development. We are pushing for the completion of the physical infrastructure. By the end of this year, we want to complete the infrastructure in all nine parks," Verma told PTI. While physical infrastructure is advancing in many parks, operationalisation remains slow. Out of nine parks, 3-4 parks are partially operational that include Tamot (Madhya Pradesh), Paradeep (Odisha) and Tinsukia (Assam), she said. While the intention is try to complete the parks at the earliest, the secretary said it has taken a

The India Story: Long journey traversed, but 90% of nation yet to be built

From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation

India, ADB sign $500 mn loan to support green infrastructure projects

The agreement was inked on December 20 and the ADB loan, with a sovereign guarantee, will be extended to the India Infrastructure Finance Company Limited

India to see one of the largest infra programmes of 21st century: KPMG

India is likely to see the implementation of one of the largest infrastructure programmes in the 21st century amongst large economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report. The report titled 'KPMG 2024 Infrastructure and Transport CEO Outlook' further said a survey of 120 sector leaders from across the world found that CEOs in the infrastructure and transportation sector anticipate business growth over the next three years, in terms of earnings and headcount. It revealed that globally 57 per cent of sector CEOs say stakeholder expectations pertaining to ESG are changing faster than they can adapt their strategy. More than half of CEOs believe that a global failure on climate-change adaptation will have a real short-to-medium term impact on their growth, it added. With confidence and trust in governments declining around the world, the report said 62 per cent of respondents believe the public is looking to businesses to fi

Over 1.4K accessibility complaints filed on govt app, 75% solved: Data

More than 1,400 complaints related to accessibility have been lodged through the government's flagship Sugamya Bharat mobile application since its launch in 2021, with approximately 75 per cent of those resolved, according to official data. The Sugamya Bharat app, designed to assist people with disabilities and the elderly, allows users to report accessibility issues in public infrastructure, transportation and buildings by uploading photos. Information revealed following a Right to Information (RTI) request filed by PTI showed that 1,441 complaints were received on the app between 2021 and 2024. Of these, 1,081 were addressed after being forwarded to the authorities concerned. The RTI response revealed that 647 complaints were received in the 2021-22 period, of which 567 were resolved. The following year, 530 complaints were lodged and 391 resolved. The app recorded 264 complaints in 2023-24 while 123 were addressed. To further improve the app's functionality, the government plans

Indian energy cos lag in R&D, innovation metrics compared to global peers

India's leading energy companies do not fare better than global firms on R&D intensity, proportion of employees with a PhD degree, and patents per billion dollar revenue, according to FAST India

Rs 971 crore Parliament building faces leaks due to heavy rains in Delhi

Congress has called for the setting up of a committee to investigate the structural integrity of the Parliament building, which was completed in May 2023 and had its inaugural session in September

Budget 2024: Govt keeps infra spend target unchanged at record Rs 11.11 trn

The government has doubled spending on infrastructure over the past three years as a way to boost the economy

Gujarat CM approves Rs 1740 cr for road infra in industrial & quarry areas

Constructing these roads will ease traffic in the cities, towns, and villages connected by them, providing well-suited roads for vehicular movement

Adani group to press the pedal on its retail play through super app

Group's B2C initiative aims to connect with 500 mn users by 2030

Sattva Group to invest Rs 12-14K cr in next 3 yrs to build infra projects

Realty firm Sattva Group will invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects and is in talks with PE major Blackstone to launch REIT for monetisation of commercial assets. Bengaluru-based Sattva Group is one of the leading real estate developers in India. It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet of area is under construction and 65 million square feet is in the pipeline. Addressing a press conference here, Sattva Group Managing Director Bijay Agarwal said, "We are very bullish on the real estate market. We will be investing Rs 12,000-14,000 crore over the next three years across residential, commercial and hospitality verticals." The investments will be funded through equity, debt and internal accruals, he said, adding that the company might raise equity funds at the project level if needed. Agarwal noted that the demand for the residential segment ha

458 infra projects hit by cost overrun of Rs 5.71 trillion in May: MoSPI

As many as 458 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 5.71 lakh crore in May this year, according to an official report. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,817 projects, 458 reported cost overruns and 831 projects were delayed. The total original cost of implementation of 1,817 projects was Rs 27,58,567.23 crore, and their anticipated completion cost is likely to be Rs 33,29,647.99 crore, which reflects an overall cost overrun of over Rs 5,71,080.76 (20.70 per cent of original cost), the ministry's latest report for May 2024 showed. According to the report, the expenditure incurred on these projects till May 2024 is Rs 1,707,190.15 crore, which is 51.3 per cent of the anticipated cost of the projects. However, the number of delayed projects decreased to 554, provided the delay is

SBI to raise up to Rs 20,000 cr via long-term bonds to fund infra projects

The bonds to be issued in tranches depending on market conditions