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#infrastructure

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Economy

Budget FY 25 to focus more on infra growth: Report

The anticipated budget allocations are expected to bolster ongoing and new road projects, ensuring enhanced connectivity and supporting economic activities.

News Arena Network Jun 28 2024

Economy

India boosts port, road investments; Cargo up 8%

In the current fiscal year, India's cargo volumes are expected to grow 6-8% driven by robust expansion in container and coal segments, supported by substantial government investments in transportation infrastructure including roads, ports, and airports, according to a recent ICRA report.

Economy

US and Indian Institutions collaborate to develop infrastructure resilience curriculum

"We are going to be working with universities like Virginia Tech and the Indian Institute of Technology (IIT) to create a curriculum on infrastructure resilience, offer certification courses for infrastructure management, and support research focused on infrastructure resilience," stated Samantha.

Apr 23 2024

Economy

Report indicates time and cost overruns in infrastructure projects may affect GDP growth and capital efficiency

The report identified sector-specific reasons for project delays. In railways, challenges like land acquisition delays, protests by affected landowners, and approval bottlenecks hinder progress. Similarly, road projects encounter obstacles like utility shifting delays, forest clearances, and design flaws. Highlighting the government's adaptability, the report underscored a shift in infrastructure development strategies.

Mar 28 2024

Economy

India increases grants for housing development in Sri Lanka's buddhist sacred town

The Indian government's total commitment to the project currently stands at SLR 450 million for the construction of houses and infrastructure facilities in Sobitha Thero village of Anuradhapura.

Mar 23 2024

Economy

Adani Group reveals USD 14 billion investment plan for FY25, emphasizing green energy and infrastructure

   Notably, the conglomerate's ambitious plan includes the development of the world's largest renewable park in Gujarat, covering an expansive area of over 530 square kilometers. In addition, with a portfolio boasting 8 airports, including the upcoming Navi Mumbai airport, and 14 domestic ports, Adani is positioned to solidify its position as a key player in these critical sectors vital for India's economic growth and connectivity.

Mar 19 2024

Economy

Union Minister Nitin Gadkari unveils ambitious infrastructure overhaul across India

The central government has allocated substantial funds for these initiatives, including Rs 188.95 crore for a ropeway project in Madhya Pradesh, Rs 699.19 crore for road upgrades in Gujarat, Rs 421.15 crore for a bypass in Assam, and Rs 576.22 crore for road expansion in Karnataka.

Mar 15 2024

Economy

ONDC, USOF and Prasar Bharti join hands to digitally empower rural India

The primary objective of this MoU is to leverage the extensive BharatNet infrastructure supported by the USOF to bundle broadband services with over-the-top (OTT) platforms and e-commerce facilities specifically tailored for rural communities.

Mar 12 2024

Economy

Prime Minister Modi revealed massive infrastructure boost in Ahmedabad, projects worth Rs 1,06,000 crores launched

The projects span multiple sectors including railway infrastructure, connectivity, and petrochemicals. Among the highlights of the day's event, Modi flagged off ten new Vande Bharat trains, marking a substantial expansion of India's high-speed rail network.

Mar 12 2024

Economy

Adani Group plans Rs 60,000 crore expansion for existing airports, eyes doubling capacity by 2040

The investment plan entails allocating Rs 30,000 crore for enhancing the 'airside' infrastructure over the next five years, with the remainder earmarked for 'cityside' development within the subsequent five to ten years across airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Jaipur, and Thiruvananthapuram.

Mar 11 2024

Economy

PM Modi reveals projects worth 68,000 crore in Odisha

Prime Minister Narendra Modi inaugurated the Puri-Sonepur-Puri weekly express, enhancing regional connectivity, and dedicated the Jharsuguda Head Post Office Heritage Building to the nation.

Feb 03 2024

Economy

29 bridges, six roads in border states build at a cost of Rs 670 cr

Raksha Mantri commended the BRO for strengthening the border infrastructure of the country and asserted that by constructing roads, bridges etc. the organisation is connecting the far-flung areas with the rest of the nation geographically, while also linking the hearts of people residing in remote villages with the rest of the citizens.

Jan 19 2024

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