53 Road Projects Valued at Rs 2.1 Lakh Crore Identified by Highways Ministry
BOT Model to Attract Private Investment The Ministry of Road Transport and Highways (MoRTH) has identified 53 road projects worth Rs 2.1 lakh crore to be awarded on a build-operate-transfer (BOT) model, according to an official statement released on Wednesday. The total length of these projects is 5,200 km, out of which bids for seven […]
Centre Reports Development of Over 600 km Cycle Tracks, Installation of 76,000 CCTV Cameras in 100 Smart Cities
Smart Cities Mission: Aims and Achievements The Smart Cities Mission was launched by Prime Minister Narendra Modi in 2015 to promote cities that provide core infrastructure, clean and sustainable environment and give a decent quality of life to their citizens through the application of “smart solutions”. The mission aims to develop around 8,000 multi-sectoral projects […]
NHAI Plans Amendment of Model Concession Agreement for BOT Initiatives
The National Highways Authority of India (NHAI) is planning to amend its model concession agreement (MCA) for build-operate-transfer (BOT) projects in order to attract more private sector investments and revive the BOT toll model for highway development. Background The BOT toll model involves private developers building, operating and maintaining highways for a specified concession period, […]
First Homes for the Differently Abled in India Launched by Paranjape Schemes
Paranjape Schemes, a leading real estate developer in Maharashtra, has officially launched India’s first homes for differently-abled individuals through the ‘Special Projects Division’ named ‘Swaniketan’. The project is located in Bhugaon, Pune, within the Forest Trails Township, and aims to provide a safe, comfortable and dignified living environment for individuals with Autism Spectrum Disorder, Intellectual […]
Sugarcane MSP Hiked by ₹20 per Quintal in Uttar Pradesh by Yogi Adityanath’s Government
The Yogi Adityanath government in Uttar Pradesh has announced a hike in the minimum support price (MSP) for sugarcane by ₹20 per quintal for all three categories of the crop for the 2023-24 season. The decision was taken at the state cabinet meeting on Thursday, January 18, in Lucknow. The new MSP will benefit around […]
HCL Group and Foxconn Join Forces to Establish Chip Packaging Unit in India
Introduction In a major boost to India’s semiconductor industry, HCL Group and Foxconn have announced a partnership to set up an outsourced assembly and testing unit (OSAT) for semiconductor chips in the country. The joint venture will leverage the engineering and manufacturing expertise of both the companies and create an ecosystem for the domestic chip […]
L&T Lands ‘Mega Order’ for Electrification of Mumbai-Ahmedabad Bullet Train Project
Introduction Larsen & Toubro (L&T), India’s leading engineering and construction company, has secured a ‘mega order’ to build the electrification system for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly known as the bullet train project. The order, awarded by an authorised Japanese agency, involves the construction of 508 km of high-speed electrification system works for […]
Telangana Government and World Economic Forum Partner to Set Up C4IR in Hyderabad
A landmark agreement for health tech and life sciences The Telangana government and the World Economic Forum (WEF) have signed an agreement to establish the Centre for the Fourth Industrial Revolution (C4IR) in Hyderabad, the capital city of the southern Indian state. The agreement was signed by Chief Minister A. Revanth Reddy and WEF president […]
IndoSpace’s Rs 2000 Cr Contract with Tamil Nadu Government Signed
IndoSpace, a leading developer of industrial real estate in India, has signed a memorandum of understanding (MoU) with the Tamil Nadu government during the Tamil Nadu Global Investors Meet 2024 . The MoU is valued at Rs 2000 crore and signifies IndoSpace’s commitment to the state’s industrial landscape and economic growth . Investment and Employment […]
Adani Group’s Major Investment: Rs 12,400 Crore for Data Centre and Energy Projects in Telangana
The Adani Group, one of the world’s largest infrastructure conglomerates, has announced that it will invest over Rs 12,400 crore in various projects in Telangana over the next 10 years. The group signed four memorandums of understanding (MoUs) with the state government at the World Economic Forum 2024 in Davos on Wednesday. The group said […]