MEGA INFRASTRUCTURE PROJECT
JSW Infrastructure to re-evaluate strategy for Tajpur port project 'if it comes for re-bidding': Official
JSW Infrastructure Ltd remains interested in the Tajpur deep sea port project in West Bengal, open to reassessing strategies if the project is re-bid, following Adani Ports and SEZ Ltd winning the last tender. Chief Minister Mamata Banerjee's announcement of a new tender has created uncertainty. APSEZ and JSW Infra are key players in the project, expected to attract a significant investment and create numerous jobs, awaiting further developments.
Noida Airport faces six-month delay, likely to be completed by next year
The Noida International Airport (NIA) completion has been delayed until at least April 2025, primarily due to slow progress on the terminal building, which faces a shortage of special-grade steel. Initially set to open earlier, this delay impacts the project's timeline significantly. Over 20% of the project remains unfinished, with the terminal's façade and waterproofing still underway. Currently, 9,000 workers are on site, completing the ATC tower and finalizing the runway. The first phase costs Rs 10,056 crore.
Why deal sizes are shrinking for top Indian IT companies
IT service providers are experiencing shrinking average deal sizes to as low as $25 million due to cost efficiencies, GenAI transformation, and shorter tenure projects amid uncertain macro-economic conditions. Despite an increase in large deal volume during FY23, industry analysts report a decrease in the average value of those deals. This comes even though Indian software exporters remain major players on the global stage.
How a Rs 76,220 cr port project aims to be a game changer for India’s trade trajectory
Can the Vadhavan port project help to realise India’s long-term maritime trade ambitions while also making a place for itself alongside the top container ports of the world?
Budget 2024: India looks for infra push; may tap funds from UK, Saudi & Japan
In the upcoming Budget, Finance Minister Nirmala Sitharaman is set to prioritise infrastructure investment to boost demand for steel, cement, and create jobs. The Indian government eyes funding from the UK, Saudi Arabia, and Japan for specific projects like roads and highways. Investor concerns, equity offerings, and environmental considerations are key factors in attracting investments.
Cabinet approves Vadhavan Port project worth over Rs 76,000 crore in Maharashtra
The Cabinet led by Prime Minister Narendra Modi has approved the construction of a new deep draft port at Vadhavan in Maharashtra, costing Rs 76,200 crore. Upon completion, this port, valued at Rs 76,200 crore, will rank among the world's top 10 ports. The project will be executed by Vadhavan Port Project Limited (VPPL), a special purpose vehicle (SPV) jointly formed by the Jawaharlal Nehru Port Authority (JNPA) and the Maharashtra Maritime Board (MMB), holding 74% and 26% shares respectively, according to an official statement.
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Infrastructure, digitisation and spiritual tourism to drive realty in smaller towns: Colliers report
The real estate sector in India is experiencing a transformation, with smaller towns becoming vital to the economy due to enhanced infrastructure, affordable property, skilled labor, and government support. Forecasts suggest the sector could reach $1 trillion by 2030 and potentially $5 trillion by 2050, contributing 14-16% to GDP. Colliers report projects urban growth with nearly 100 cities having over a million inhabitants by 2050, driven by factors like infrastructure, digitisation, and changing office trends.
Proposed Rs 72,000-cr 'Mega Infra Project' in Great Nicobar poses grave threat to tribals, should be reviewed: Congress
The Congress has called for a halt to a proposed Rs 72,000-crore infrastructure project in Great Nicobar Island, citing grave threats to tribal communities and the ecosystem. Congress leader Jairam Ramesh highlighted concerns over forest land diversion, inadequate consultations, and violations of legal and constitutional provisions safeguarding indigenous groups. He demanded immediate suspension of clearances and impartial review by parliamentary committees.
Nitin Gadkari- a go-getter and man behind India's mega push to road infrastructure
Senior BJP leader Nitin Gadkari, known as the 'Highway Man of India', has been instrumental in the construction of national highways and new roads, serving as the Minister for Road Transport & Highways in the last two governments led by Narendra Modi.
Pakistan Prime Minister Shehbaz Sharif, Chinese President Xi agree to upgrade CPEC
The CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is the flagship project of China's ambitious Belt and Road Initiative (BRI). The BRI is seen as an attempt by China to further its influence abroad with infrastructure projects funded by Chinese investments across the world. China has also invested billions in various power projects and road networks in Pakistan under the USD 65 billion CPEC plan, but the implementation of various projects has slowed in recent months.
Delhi metro signs pact with Konkan railway for collaboration on upcoming projects
Officials on Friday announced that the Delhi Metro Rail Corporation (DMRC) and the Konkan Railway Corporation Limited (KRCL) have entered into a memorandum of understanding (MoU) to jointly work on forthcoming metro rail ventures within India and internationally. This strategic alliance is geared towards leveraging the specialized skills of both entities to facilitate cooperation on numerous significant infrastructure initiatives, the official further noted.
Mumbai local trains: 63-hour mega block ends as Central Railway completes platform widening work at Thane station
Passengers commuting from Thane station in Mumbai received significant relief as the Central Railway announced the completion of widening work for platforms 5 and 6 on Sunday. The Central Railway provided insights into the special block undertaken for infrastructure enhancement at Thane station. The extension of platforms 5/6 involved widening by 2-3 meters across a length of 587 meters. This initiative was part of a 63-hour mega block at Thane railway station and a 36-hour special block at the Chhatrapati Shivaji Maharaj Terminus initiated by the Central Railway.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
Chabahar brings to fore India's hidden infrastructural play
Modi government's infrastructure upgrade includes a vast network of roads, bridges, and high-speed trains. The transformation extends to invisible sectors like ports, with Chabahar Port key to India's geopolitical strategy. The International North-South Transport Corridor will boost trade with Europe and Russia, while ongoing port development supports Modi's vision of a manufacturing powerhouse.
Himachal's hydro project leaked in test phase too, experts demand moratorium on new projects
A 25-megawatt Lambadug hydroelectric project in Himachal Pradesh has suffered leakage during its test phase, causing significant damage to property in Multhan village. The team found muddy water from the leaking penstock affected around 80 families and demanded a complete moratorium on new projects of 25 MW and above capacity. The project, executed by Megha Engineering Infrastructure Limited, is one of 40 projects in different stages of commissioning, construction, and planning on the Beas river and its tributaries.
TCS chairman N Chandrasekaran says GenAI to create impact not seen or imagined
In FY24 from April 2023 to March 2024, TCS also consolidated AI and Cloud expertise with the creation of the AI.Cloud unit.
People+ai partners with 24 tech organisations to enable open cloud compute infra
AMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance the compute ecosystem in India through the creation of a network of providers for accessible and tailored compute resources.
Road ministry working on mega plan for building 50,000 km of new, access-controlled, expressways
The Ministry of Road Transport and Highways is set to unveil a plan for constructing 50,000 km of new expressways by 2037 in the first 100 days of the new government. The program, replacing Bharatmala, aligns with Vision 2047 and aims to reduce logistic costs and modernize road infrastructure.
LS polls: Over 60 environmental groups demand ban on mega infrastructure projects in Himalayas
They called for a complete moratorium on all mega infrastructure projects, including those related to the railways, dams, hydro projects, tunneling, transmission lines and four-lane highways, along with a comprehensive multidisciplinary review of the impacts of the existing projects.
Shipping Ministry approves Rs 645 crores for 10 new waterways projects on Brahmaputra in Assam
From the construction of slipways at strategic locations such as Maya Ghat in Dhubri district and Majuli district to the establishment of passenger terminals at Ghagor in North Lakhimpur district and Bahari in Barpeta district, each proposal is meticulously designed to enhance connectivity and facilitate seamless transportation across the region.
Savvy Group bags bid for a mega commercial project in GIFT City
The project - spread over 2.8 million sq ft and entailing an investment of more than ₹1,200 crore - will also include an innovation and startup hub. The company has pipped three other bidders to bag the proposed project that surpasses all existing developments within the GIFT City, which previously boasted the largest development covering a million sq ft.
Criticism of Great Nicobar mega project 'international conspiracy': NCST acting vice-chairperson
Ananta Nayak, acting vice-chairperson of the National Commission for Scheduled Tribes, defends the mega construction project on Great Nicobar Island, dismissing criticism as an international conspiracy. Nayak emphasizes economic development, protection of tribal identity, and praises the Narendra Modi government's focus on tribal welfare.
Bengaluru’s mega connectivity project gets a shot in the arm with loan from German bank
Bengaluru's expansive rail initiative, aimed at linking the city with suburbs including Heelalige (Electronic City), Kengeri, Devanahalli (near the international airport), and Chikabanvara, moved closer to fruition on Friday with a significant development: a loan of Rs 4,561 crore from Germany's KFW Development Bank. The project's four corridors are slated for completion by the conclusion of 2027.
Vadhavan Mega Port gets green signal from Maharashtra coastal zone body
The Maharashtra Coastal Zone Management Authority (MCZMA) has given a go-ahead to the All-Weather Deep Draft Greenfield Vadhavan Mega Port. Jawaharlal Nehru Port Authority (JNPA) is planning to develop this project through a special purpose vehicle (SPV) with the Maharashtra Maritime Board (MMB).
Indian ports log double-digit growth in 10 years, PM Modi says, pledging to build mega ones
Indian ports have achieved double-digit growth in the past 10 years, beating developed nations in ship turnaround time, PM Modi said while inaugurating infrastructure projects in Kochi. Projects included new dry dock, ship repair facility, and LPG Import Terminal.
Mega projects like hybrid renewable energy park, solar park fuelling Gujarat's progress: Officials
The Dholera Solar Park, located 80 km from Ahmedabad, is India's largest solar project, having a capacity of 5,000 MW, as per the government.
Cost overrun share rises slightly in November but stays below the 18% mark
In November, the cost overrun ratio in government infrastructure projects slightly increased to 17.5%, compared to the previous month's 17.4%, remaining below the 18% mark for the second consecutive month. The number of projects facing delays decreased to 46.1% from the previous month's 46.6%. The government tracked 1,831 projects in November, with 421 projects experiencing cost overruns
Char Dham project: Detailed geological study is needed before infra activity in Himalayas, says environmentalist Ravi Chopra
The Silkyara tunnel is part of the Union government’s ambitious Char Dham Mahamarg Pariyojana. It is a highway widening project for almost 900 km in Uttarakhand to provide all-weather connectivity to the Hindu pilgrimage sites of Gangotri, Yamunotri, Badrinath and Kedarnath. In August 2019, the Supreme Court set up a high-powered committee to examine the “cumulative and independent” impact of the project “on the entire Himalayan valleys”.
UAE approves mega gas project weeks ahead of COP28
ADNOC, the Emirati energy company, has awarded contracts worth $16.9 billion to build a gas project in the Hail and Ghasha offshore fields. The project aims to operate with net zero emissions and includes innovative decarbonisation technologies to capture and store 1.5 million tonnes of CO2 per year.
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