From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation
The agreement was inked on December 20 and the ADB loan, with a sovereign guarantee, will be extended to the India Infrastructure Finance Company Limited
India is likely to see the implementation of one of the largest infrastructure programmes in the 21st century amongst large economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report. The report titled 'KPMG 2024 Infrastructure and Transport CEO Outlook' further said a survey of 120 sector leaders from across the world found that CEOs in the infrastructure and transportation sector anticipate business growth over the next three years, in terms of earnings and headcount. It revealed that globally 57 per cent of sector CEOs say stakeholder expectations pertaining to ESG are changing faster than they can adapt their strategy. More than half of CEOs believe that a global failure on climate-change adaptation will have a real short-to-medium term impact on their growth, it added. With confidence and trust in governments declining around the world, the report said 62 per cent of respondents believe the public is looking to businesses to fi
More than 1,400 complaints related to accessibility have been lodged through the government's flagship Sugamya Bharat mobile application since its launch in 2021, with approximately 75 per cent of those resolved, according to official data. The Sugamya Bharat app, designed to assist people with disabilities and the elderly, allows users to report accessibility issues in public infrastructure, transportation and buildings by uploading photos. Information revealed following a Right to Information (RTI) request filed by PTI showed that 1,441 complaints were received on the app between 2021 and 2024. Of these, 1,081 were addressed after being forwarded to the authorities concerned. The RTI response revealed that 647 complaints were received in the 2021-22 period, of which 567 were resolved. The following year, 530 complaints were lodged and 391 resolved. The app recorded 264 complaints in 2023-24 while 123 were addressed. To further improve the app's functionality, the government plans
India's leading energy companies do not fare better than global firms on R&D intensity, proportion of employees with a PhD degree, and patents per billion dollar revenue, according to FAST India
Congress has called for the setting up of a committee to investigate the structural integrity of the Parliament building, which was completed in May 2023 and had its inaugural session in September
The government has doubled spending on infrastructure over the past three years as a way to boost the economy
Constructing these roads will ease traffic in the cities, towns, and villages connected by them, providing well-suited roads for vehicular movement
Group's B2C initiative aims to connect with 500 mn users by 2030
Realty firm Sattva Group will invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects and is in talks with PE major Blackstone to launch REIT for monetisation of commercial assets. Bengaluru-based Sattva Group is one of the leading real estate developers in India. It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet of area is under construction and 65 million square feet is in the pipeline. Addressing a press conference here, Sattva Group Managing Director Bijay Agarwal said, "We are very bullish on the real estate market. We will be investing Rs 12,000-14,000 crore over the next three years across residential, commercial and hospitality verticals." The investments will be funded through equity, debt and internal accruals, he said, adding that the company might raise equity funds at the project level if needed. Agarwal noted that the demand for the residential segment ha
As many as 458 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 5.71 lakh crore in May this year, according to an official report. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,817 projects, 458 reported cost overruns and 831 projects were delayed. The total original cost of implementation of 1,817 projects was Rs 27,58,567.23 crore, and their anticipated completion cost is likely to be Rs 33,29,647.99 crore, which reflects an overall cost overrun of over Rs 5,71,080.76 (20.70 per cent of original cost), the ministry's latest report for May 2024 showed. According to the report, the expenditure incurred on these projects till May 2024 is Rs 1,707,190.15 crore, which is 51.3 per cent of the anticipated cost of the projects. However, the number of delayed projects decreased to 554, provided the delay is
The bonds to be issued in tranches depending on market conditions
State-owned NBCC (India) Ltd has bagged a Rs 70 crore project from Grid Controller of India for executing interior works in new corporate office in the national capital. In a statement, NBCC said it has inked a memorandum of understanding with Grid Controller of India Ltd (Grid-India) for execution of interior, fit outs and other associated infrastructure works for their new corporate office at Ayurvigyan Nagar, New Delhi. "The tentative value of works to be executed under this MoU is approximately Rs 70 crore," it added. The MoU was signed by Alok Kumar, Senior General Manager, Grid-India and Mudit Bhatnagar, CGM (Engg), NBCC in the presence of S R Narasimhan, CMD, Grid-India; K P Mahadevaswamy, CMD, NBCC; B K Sokhey, Director (Finance), NBCC; Saleem Ahmad, Director (Projects), NBCC and other senior officials from both organizations. Earlier, Grid-India, which is responsible for National Load Dispatch, had purchased this new office of around 61,000 sq ft from NBCC at approximatel
As many as 448 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 5.55 lakh crore in April 2024, according to an official report. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,838 projects, 448 reported cost overruns and 792 projects were delayed. The total original cost of implementation of the 1,838 projects was Rs 27,64,246.50 crore, and their anticipated completion cost is likely to be Rs 33,19,601.84 crore, which reflects an overall cost overrun of over Rs 5,55,355.34 (20.09 per cent of original cost), the ministry's latest report for April 2024 showed. According to the report, the expenditure incurred on these projects till April 2024 is Rs 1,692,997.5 crore crore, which is 51 per cent of the anticipated cost of the projects. However, the number of delayed projects decreased to 514 if the delay is
The government's focus on infrastructure development, coupled with buoyant business optimism, could nurture a sustained revival in the investment cycle, according to a Reserve Bank report. According to the RBI's Monetary Policy Report- April 2024, domestic economic activity, backed by strong fundamentals, remained robust in the first half of 2023-24, weathering challenges from muted global demand. The report further said that while the fixed investment and the lower drag from net external demand propelled real GDP growth, private consumption received support from steady urban demand. On the supply side, it added, manufacturing activity strengthened further, benefiting from lower input costs and the improvement in global supply chains. Construction activity remained firm on the back of buoyant housing demand and the government's thrust on infrastructure. "Going ahead, private consumption will get support from improved prospects for rural demand and rising consumer confidence. "The
She says that fixed wireless access is paving the way for new revenue streams and monetisation in 5G for communication service partners in India
It takes time to establish a brand in this space. It needs support in the form of infrastructure and services. Is India keeping pace with its demands?
Ahead of the Lok Sabha 2024 elections, PM Modi shares development plans for projects spanning roads, railways, solar energy, and more aimed at transforming Rajasthan's infrastructure
PM GatiShakti aims boost multimodal connectivity while moving towards logistics efficiency and reducing carbon footprint in rail movement
The Interim Union Budget 2024-25 also focused on women's empowerment through housing facilities under the PM Awas Yojna scheme