Page 21 - Infrastructure

Mauritius deepens India's naval reach

With the Maldives veering towards China, Mauritius is emerging as a decisive factor in ensuring India's dominance in the Indian Ocean Region

ED marches on at a stronger footing with better infrastructure, resources

Investigative agency pivots to manpower capabilities and specialised skills

Axis Bank set to tap infrastructure bond market after 2 years: Report

Infrastructure bonds are issued to finance long-term development projects

Viksit Bharat 2047: Northeast India as logistics gateway to Southeast Asia

The govt's focus on developing logistics infrastructure in the Northeast region (NER) marks a significant step towards unlocking the region's economic potential and promoting inclusive growth

CM Adityanath announces 48 infrastructure projects worth over Rs 1,000 cr

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday either inaugurated or laid the foundation of 48 development projects worth Rs 1,006 crore involving construction of highways and houses. "We have delivered what we promised, and we will continue to fulfil what we commit," the CM said on the occasion. Adityanath laid the foundation of 35 projects worth more than Rs 954 crore and inaugurated 13 projects worth over Rs 52 crore. The projects include flood protection measures, construction of flyovers, roads, drainage system, residential and non-residential buildings in police training schools, shifting of MSEB offices, and tourism development works, among others. "Today the country is progressing rapidly, advancing in every sector. Security, economic prosperity, respect for faith, livelihoods, every sector is witnessing the vision of New India, which is elevating India's strength. "Uttar Pradesh has seen rapid development akin to the nation's progress, and people's perception ..

Tripura FM presents Rs 27,804 cr budget focusing on infra, jobs creation

Tripura Finance Minister Pranajit Singha Roy on Friday presented a Rs 27,804.67-crore budget for the 2024-25 fiscal, and asserted that the government is focused on infrastructure building to generate more job opportunities in the northeastern state. Roy said Rs 6,633.80 crore has been earmarked for capital expenditure, while Rs 1721.94 crore was allocated for the agriculture sector. "During 2022-23, the Gross State Domestic Product (GSDP) grew at around 8.89 per cent against 7.20 per cent growth at the national level. The GSDP growth for 2024-25 is estimated to be 8.47 per cent," the minister said. A total of Rs 2,000 crore will be spent for road infrastructure in all the 60 assembly constituencies over the next four years, according to the budget. "The state government will provide Rs 698.68 crore to the Tripura Tribal Areas Autonomous District Council (TTAADC)... Besides, we are setting aside 39.93 per cent of the total development allocation for welfare of indigenous people, he

Delhi Airport set to reach 100 million capacity with new terminal

Budget carriers IndiGo, SpiceJet, and Akasa are expected to relocate their domestic operations to Terminal 1

Elections, manifestos, and the infra agenda

Manifestos should clearly indicate the thrust areas planned to be addressed

Digital infrastructure is a modern day factor of production: FM Sitharaman

Sitharaman was speaking at the National Conclave on Viksit Bharat 2047 organised by the Federation of Indian Chambers of Commerce and Industry (FICCI)

Roads and renewables: Global PE major KKR to raise infra bet in India

Major portion of $6.4 billion Asia-Pacific fund set to be routed to India

Uphold definition of forests as per 1996 judgement: SC tells states, UTs

This means that for now, States and Union Territories will have to go by the dictionary definition of the word forest to determine whether any work can be approved on any land

Germany's Thyssenkrupp to divest stake in Indian arm to local partners

The statement said that it is "intended and envisaged" that Thyssenkrupp Polysius and tkII would remain close cooperating partners

Digital banking infra provider Signzy buys Difenz at valuation of $5 mn

Digital banking infrastructure provider Signzy has acquired Difenz, a fraud risk management solutions provider, in a cash and equity deal at a valuation of USD 5 million (about Rs 41.4 crore). The acquisition also gives an exit to existing investor 8i Ventures, according to a release. Announcing Signzy's takeover of 8i-funded Difenz at a valuation of USD 5 million, the release said the deal positions Signzy as one of the largest RegTech (regulatory technology) companies in the country providing advanced risk and compliance solutions to financial institutions. The transaction is a cash and equity deal, the release said but did not elaborate on details. "Signzy will now provide seamless AI-led KYC compliance solutions to the financial institutions (FIs) thereby eradicating redundancy across frameworks," it said. This will also enable Signzy to provide advanced AML (Anti-Money Laundering) screening, transaction monitoring, effective chargeback management and compliance management sys

Digital public infra contributes 0.9% to GDP, to triple by 2030: Nasscom

Digital public infrastructures like Aadhaar, UPI and FASTag generated a value of USD 31.8 billion in 2022, contributing 0.9 per cent to India's GDP, and the contribution is projected to increase 2.9-4.2 per cent by 2030, industry body Nasscom said in a report. The Nasscom-Arthur D. Little report titled 'Digital Public Infrastructure of India - Accelerating India's Digital Inclusion' said that Indian DPIs' foundational layers are based on transparency and trust, which promotes paperless transactions, reduces bureaucracy, and advances the concept of digital identity and document management. The report said that mature DPIs such as Aadhaar, UPI (Unified Payments Interface), and FASTag have witnessed exponential adoption by 2022, and the next 7-8 years offer an opportunity for further scalability, reaching even the most remote segments of the population. "By 2030, adoption across matured and budding DPIs has the potential to scale up. The economic value add of these DPIs by 2030 has the

Japan to invest Rs 12,800 crore for 9 projects in various sectors in India

The finance ministry on Tuesday said that the Japanese government has committed a loan of 232.209 billion yen (about Rs 12,800 crore) for nine projects related to various sectors in India. The projects included North East Road Network Connectivity, Project for Promoting Start-up and Innovation in Telangana, Project for the Construction of Chennai Peripheral Ring Road, Project for Promoting Sustainable Horticulture in Haryana and Project for Climate Change Response and ecosystem Services Enhancement in Rajasthan. The road network connectivity projects aim to improve infrastructure development in India's north-east region, while the Chennai peripheral ring road project aims to alleviate traffic congestion and strengthen connections to the southern part of the state, the finance ministry said in a statement. The agreement to this effect was signed between Vikas Sheel, Additional Secretary, Department of Economic Affairs, and Suzuki Hiroshi, Ambassador of Japan to India. "The project i

Infra to be vital component for India to become developed nation: Puri

Infrastructure will be a vital component for India to become a developed country by 2047, Union minister Hardeep Singh Puri said on Monday and asserted that the country will be the third-largest construction market globally by next year. Highlighting the vitality of the construction industry for the Indian economy, the Union housing and urban affairs minister said the construction industry is among the fastest growing industries in the country. Addressing a gathering at the inauguration of the National Workshop on 'Recent Development with recycling and use of construction and demolition waste in the construction sector here, he said solid waste processing in India has witnessed a significant rise from mere a 17 per cent in 2014 to more than 77 per cent in 2024. Norwegian Ambassador to India May-Elin Stener also attended the event. "Now, we are transferring these capabilities in other forms of waste management, including construction and demolition waste, plastic waste, e-waste and

Gawar Construction looks to raise Rs 2,000 crore from maiden InvIT

Co looks to put 10 road assets for Rs 5250 crore

PM Modi to lay foundation of projects worth Rs 3,161 cr in J-K next week

Prime Minister Narendra Modi will inaugurate or lay the foundation of 209 projects worth over Rs 3,161 crore in Jammu and Kashmir on February 20, the Union territory administration said on Friday. These projects will upgrade infrastructure, strengthen service delivery systems, general employment opportunities and spur progress and prosperity in the Union territory. The prime minister will inaugurate 85 projects and lay the foundation of 124 projects at an event at the M A Stadium in Jammu at 11 am on February 20. Modi is also scheduled to address a public rally, his second in the region after the abrogation of Article 370 in August 2019. Earlier on April 24, 2022, he had addressed a rally in Palli Panchayat in Samba district. The Union territory administration published a full-page advertisement in some leading newspapers on the event, carrying the pictures of both Modi and Lieutenant Governor Manoj Sinha with a captain "Viksit Bharat Viksit Jammu Kashmir Aman aur Tarakki ki Nai .

Govt's infra push to spur growth of heating, ventilation, AC sector: ISHRAE

The heating, ventilation, and air-conditioning (HVAC) sector is poised for an unprecedented growth due to increased demand in the coming years on the back of the government's focus on infrastructure investment, say industry players. Finance Minister Nirmala Sitharaman in the annual budget for the 2024-25 financial year has allocated Rs 11.11 lakh crore for infrastructure. Industry stakeholders shared their views during the 23rd edition of ACREX India. The three-day event, being held at Greater Noida, has been organised by industry body ISHRAE and Informa Markets India. "As we observe the remarkable growth trajectory of theC industry and the significant strides achieved through initiatives like the Atal Community Innovation Centre (ACIC) programme, ACREX India emerges as a symbol of opportunity and progress," ISHRAE President Yogesh Thakkar said. "With the substantial government investment of USD 1.45 trillion in infrastructure projects over the next five years, we stand on the brin

Gadkari launches 28 national highway projects worth Rs 6,600 cr in Odisha

Union Road Transport and Highways Minister Nitin Gadkari inaugurated and laid the foundation stones for 28 national highway (NH) projects worth Rs 6,600 crore in Odisha. Though his visit to Odisha was cancelled at the last minute, Gadkari launched these projects virtually. Among the inaugurated projects were a 79km four-lane road between Baharagora and Singhara on NH-49, valued at Rs 1,203 crore, and a 78km six-lane road from Chandikhol to Bhadrak on NH-16, costing Rs 2,035 crore. Additionally, the minister laid the foundation stones for 26 other road infrastructure projects in the state. During the event, Gadkari highlighted the significant progress in national highway development in Odisha since 2014. The total length of national highways in the state has increased from 4,639 km to 5,753 km during this period. The ministry has allocated nearly Rs 1.50 lakh-crore for highway development in Odisha, he added. From 2014 to 2024, around 4,250 km of roads were constructed in Odisha, w