Page 2 - India's Infrastructure

Govt says creating infra for easy access to medical services for workers

The government is focused towards creating an infrastructure for easy access to medical services for the workers, Labour Minister Bhupender Yadav said on Thursday. Yadav was addressing the Graduation Ceremony of the 4th Batch of ESIC Dental College and Hospital, Rohini, New Delhi, a labour ministry statement said. The Graduation Ceremony of the students of the 2015 and 2016 batches of Employees' State Insurance Corporation (ESIC) Dental College and Hospital was held at Siri Fort Auditorium today, it stated. Yadav said that rendering medical services is the best way to serve society. The Union government is focused on creating an infrastructure for easy access to medical services for the workers of our country, the minister said. Minister of State for Labour and Employment Rameswar Teli in his address to the students applauded the efforts made by the doctors and para-medical staff of ESIC during the uncertain times of COVID-19 for serving the needy. Labour Secretary Arti Ahuja sa

PM Modi to inaugurate projects worth Rs 75,000 crore in Maharashtra

Prime Minister Narendra Modi will visit Maharashtra on Sunday to lay the foundation stone and inaugurate projects worth Rs 75,000 crores

We are committed to India; review process is normal: Amazon India's Tiwary

In an interview with Peerzada Abrar, Tiwary said India has become the innovation hub for the company for the rest of the world. Edited excerpts

Way clear for India's longest elevated 6-lane flyover in Kerala's Alappuzha

The decks have been cleared for the work to begin on the construction of the country's longest elevated 6-lane flyover in Kerala's Alappuzha district at a cost of Rs 1,668.50 crore

We see strong double-digit topline growth in FY23: Tata Projects MD

Vinayak Pai, who took over as the top man in the firm this July, dwells on the existing and prospective projects, and the future roadmap of the company

India to offer slew of incentives to boost shipbuilding industry: Report

The plans include subsidies so that at least 50 new vessels can be built as well as the granting of "infrastructure status" to the industry which would help with financing from banks, said the govt

Global funds may invest $25 bn a year in Indian infra, says Ambit Capital

Ambit Capital MD Rahul Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds

MP govt focuses on investment, developing industrial infra to generate jobs

The Department of Micro, Small and Medium Enterprises (MSMEs) has decided to offer MSMEs and start-ups training in marketing, and financial support

Increasing responsibilities

Fiscal management will become more difficult

Rated Indian infrastructure firms most exposed to currency risk: S&P

Much of corporate portfolio has dollar-linked revenue and is not exposed to rupee depreciation

How are India's roads funded? Investment in national highways down in FY22

Road transport minister Nitin Gadkari recently spoke of the need for innovative methods to boost India's infrastructure growth

Bet on infrastructure funds to gain from government push: Experts

High cost of capital, change in policy key risks for these funds

Rajnath dedicates 75 infra projects worth Rs 2,180 cr from eastern Ladakh

Defence Minister Rajnath Singh on Friday dedicated to the nation 75 infrastructure projects including bridges, roads and helipads built at a cost of Rs 2,180 crore in strategically key areas of Ladakh, Jammu and Kashmir, Arunachal Pradesh and Sikkim among others. He inaugurated the projects at a function held at the Darbuk-Shyok-Daulat Beg Oldi (DS-DBO) road that provides connectivity to India's northernmost outpost of Daulat Beg Oldi in eastern Ladakh. The highlight of the event was the onsite inauguration of 120-metre-long 'class-70 Shyok Setu' on the DS-DBO Road at an altitude 14,000 feet, the defence ministry said. The bridge will be of strategic importance as it will facilitate logistics movement of the armed forces. Other projects inaugurated virtually by Singh included two helipads, one each in Hanle and Thakung, in Eastern Ladakh, it said. These helipads will enhance the operational capabilities of the Indian Air Force in the region. The rest of the projects were inaugurate

384 infrastructural projects show cost overruns of Rs 4.52 trillion

As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.52 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,529 projects, 384 reported cost overruns and as many as 662 projects were delayed. "Total original cost of implementation of the 1529 projects was Rs 21,25,851.67 crore and their anticipated completion cost is likely to be Rs 25,78,197.18 crore, which reflects overall cost overruns of Rs 4,52,345.51crore (21.28% of original cost)," the ministry's latest report for September 2022 said. According to the report, the expenditure incurred on these projects till September 2022 was Rs 13,78,142.29 crore, or 53.45 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 531 if delay is calculated on the basis of latest schedule o

Cement cos regain pricing power as demand improves from infra, construction

Cost pressures a concern, though, as crude, currency volatility remain

Cabinet approves Rs 6,600 crore scheme 'PM-DevINE' for North-Eastern states

Prime Minister's Development Initiative for North East Region (PM-DevINE), a Rs 6,600 crore scheme to support infrastructure, industries and other livelihood projects in the Northeastern states, was approved on Wednesday by the Union Cabinet, chaired by Prime Minister Narendra Modi. The new scheme, to be implemented during the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26, is a 100 per cent Central government-funded plan and will be administered by the Ministry of Development of North Eastern Region (DoNER), an official statement said. Efforts will be made to complete the PM-DevINE projects by 2025-26 so that there are no committed liabilities beyond this year and this implies front-loading of the sanctions under the scheme in 2022-23 and 2023-24 primarily, it said. While expenditure would continue to be incurred during 2024-25 and 2025-26, focused attention will be given to completing the sanctioned PM-DevINE projects. The PM-DevINE will lead to the .

President Murmu to arrive in Tripura for two-day visit from Oct 12

President Droupadi Murmu will inaugurate several development projects in Tripura during her two-day visit to the northeastern state on Wednesday, officials said. The President is scheduled to land at Maharaja Bir Bikram Airport here on Wednesday at 11.15 am. It will be Murmu's first visit to the state after becoming the President. During the visit, Murmu will flag off Guwahati to Kolkata express up to Agartala and extension of Agartala-Jiribam-Agartala Jan Satabdi express up to Khongsang (Manipur) with new LHB rake and Vistadome coach, they said. She will also dedicate the trans-shiftment yard which was built at Nischintapur, crossing point of Indo-Bangla railway project to the nation, six km away from the state capital by video link. The President is scheduled to lay the foundation stone of Pushbanta Palace Museum and National Law University at Narsinghgarh in West Tripura district. The state government plans to develop Pushbanta Palace which was built by Maharaja Birendra Kishor

Govt notifies logistics policy, infra ministries to devise plans in 6 mths

PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better workforce

India to set climate resilient urban growth as G-20 infra agenda

Officials say that the issue climate resilient urban infrastructure is key for developing and developed economies

Infra lending gains traction, but may see gradual growth going forward

Lenders are waiting for clear demand patterns to emerge and policy stability, say analysts