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Searched Tag: infrastructure

The government is set to retain its focus on rapid infrastructure development this fiscal, with plans to potentially increase capital expenditure allocations for the Ministry of Road Transport and Highways (MoRTH) in the upcoming budget for FY25, according to a report.

Budget FY 25 to focus more on infra growth: Report

June 28, 2024, 12:59 PM - 2 min read

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

Major Investment Boost for Ports, Roads; Cargo Up 8%

India boosts port, road investments; Cargo up 8%

June 13, 2024, 12:50 PM - 2 min read

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.

Samantha Power, Administrator for the USAID announced that educational institutions in the United States and India are joining forces to develop a specialized curriculum during her address at the Coalition for Disaster Resilient Infrastructure's (CDRI) Governing Council meeting on Monday.

US and Indian Institutions collaborate to develop infrastructure resilience curriculum

April 23, 2024, 12:49 PM - 2 min read

"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.

As the Indian government intensifies its focus on capital expenditure and infrastructure development to sustain economic progress, a recent report by India Ratings and Research has unveiled alarming trends of time and cost overruns plaguing central sector projects.

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

March 28, 2024, 03:02 PM - 2 min read

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.

India has signed an additional grant of Sri Lanka Rupees 150 million to build houses and infrastructure facilities in the Buddhist sacred town of Anuradhapura, the Indian High Commission has said.

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

March 23, 2024, 11:12 AM - 2 min read

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.

The Adani Group, a prominent figure in India's infrastructure sector, has set forth an ambitious investment blueprint for the fiscal year 2025.

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

March 18, 2024, 01:06 PM - 2 min read

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.

Infrastructure Overhaul: Gadkari's Vision for Enhanced Connectivity and Tourism

Union Minister Nitin Gadkari unveils ambitious infrastructure overhaul across India

March 15, 2024, 01:32 PM - 2 min read

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.

The Universal Service Obligation Fund (USOF), operating under the Department of Telecommunications (DoT), has forged a strategic partnership with Prasar Bharati and the Open Network for Digital Commerce (ONDC)

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

March 12, 2024, 08:07 PM - 2 min read

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.

Prime Minister Narendra Modi inaugurated and laid the foundation stone for an array of developmental projects worth over Rs 1,06,000 crores at the Operation Control Centre of the Dedicated Freight Corridor in Ahmedabad, Gujarat, today

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

March 12, 2024, 03:44 PM - 2 min read

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.

Adani Group has revealed ambitious plans to invest Rs 60,000 crore in expanding its seven existing airports over the next 5-10 years, in a bid to revolutionize India's aviation infrastructure.

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

March 11, 2024, 11:23 AM - 2 min read

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.

PM Modi laid the foundation stone for projects worth Rs.68,000 crore in Odisha

PM Modi reveals projects worth 68,000 crore in Odisha

February 3, 2024, 03:56 PM - 2 min read

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.

Raksha Mantri inaugurated 29 bridges and six roads constructed by BRO across seven states/UT at a cost of Rs.670 crore.

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

January 19, 2024, 04:55 PM - 2 min read

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.