Page 2 - Infrastructure

Infra development is the driving force of country's economy: PM Modi

Prime Minister said, "Gati Shakti National Master Plan is going to change the face of India's infrastructure and its multimodal logistics"

Tourism has same potential in India as agriculture, infrastructure: PM Modi

Addressing the gathering, the Prime Minister remarked that the new India of today is moving forward with a new work culture

Pace of bank lending to infrastructure shrinks to 2.3%: RBI data

Bankers say private infra offtake slow; much of funding is via public funds

PM GatiShakti recommends 66 big-ticket projects worth Rs 5 trillion

PM GatiShakti to help in planning social infrastructure: Piyush Goyal

Bengaluru govt presents Rs 11,158 cr budget for FY24, gives push to infra

The Metropolitan Bengaluru Municipal Corporation administration on Thursday presented a budget of Rs 11,157.83 crore for the year 2023-24, giving a push to improve infrastructure with focus on easing traffic congestion, building grade separators, white topping of roads and better connectivity. Calling it an 'Atma Nirbhar Budget', the Bruhat Bengaluru Mahanagara Palike (BBMP) Special Commissioner (Finance) Jayaram Rayapura said, "While the total receipts will be Rs 11,163.97 crore, the total expenditure will be Rs 11,157.83 crore, thereby resulting in a surplus budget of Rs 6.14 crore." The budget has been presented with a firm belief in the norm, "stretch your legs as much as your bed" and is aimed to bring financial discipline, self-reliance and self-sufficiency in the BBMP's finances, he said. Among the proposals are construction of 10 new city plazas in residential areas at a total cost of Rs 50 crore, Rayapura said in his budget speech. To address traffic congestion at bottlene

Siemens scaling new heights on strong performance, govt's infra thrust

Decent upside in the stock given that most analysts are positive with target prices ranging Rs 3,250-3,800

Haryana govt allocates Rs 5,893 crore in FY24 Budget for urban development

The state's overall budget allocation was Rs 1.83 trillion

Rajasthan approves Rs 1,745 cr for improving roads, bridges in rural area

The Rajasthan government has approved Rs 1,745.73 crore for the construction, upgradation and strengthening of rural roads and bridges, according to an official statement. Chief Minister Ashok Gehlot has okayed a proposal to this effect, it said. A total 266 roads and 35 bridges will be covered under the project. As many as 301 works will be undertaken, covering 2,369 kilometer rural road length and 3,369 metre bridges. The project will be carried out by the Public Works Department.

India has set new model of infra development, says PM Narendra Modi

PM Modi said there is unbelievable faith in India for the next 25 years

India's post-harvest infrastructure needs to be improved, say experts

India's post-harvest infrastructure including storage facilities should be improved for strengthening the plantation sector, said experts here on Friday. They were speaking at a seminar held on the sidelines of Plantation Expo', organised by the newly set up Plantation Directorate, Government of Kerala, here. According to a recent survey, the country's available storage facility is sufficient to keep only 10 per cent of India's plantation products. And this in turn results in 6-18 per cent wastage of fruits during the post-harvest period, an official release said. It has been noted, as consumers have realised the nutritional value of fruits, the market demand for fruits has shown a remarkable hike during the post-pandemic period. And in India, 80% of fruits are sold as fresh fruits, said Sanjib Kumar Sahoo of IG International. Pointing to the major challenges faced by the sector in the seminar, themed Income augmentation in plantation sector through diversification and value ...

Adani says will complete infra projects on time, focused on financials

Adani Enterprises has strong corporate governance, secure assets and cash flows: Executive

Odisha investing over Rs 2,500 crore in building sports infrastructure

The senior officers' conference, which was inaugurated by the Chief Minister on Tuesday, concluded on Wednesday

World's next debt disaster seen brewing in Indonesia's builder binge

The struggles are already reminding some analysts and investors of the high-profile debt debacles in China and South Korea last year, which were centered on the nations' developers

Essar group eyes forays into clean energy, infrastructure, IT solutions

The Essar Group plans to rearrange its priorities to focus on four major verticals like energy, infrastructure and logistics, technology and retail, as well as metals and mining

India rated among top 5 accreditation systems in world: GQII Index

India has been placed at the fifth position out of 184 countries in terms of its accreditation system, according to the recently released Global Quality Infrastructure Index (GQII) 2021. The GQII ranks 184 economies on the basis of their quality infrastructure (QI). India's overall QI system ranking continues to be tenth. According to the index, India was ranked 21st in terms of metrology and ninth in standardisation. The report was released in December 2022. "We are proud that India is rated among the top five accrediting systems in the world...We anticipate that India will pave the way for more collaborations aimed at creating resilient systems of high-quality infrastructure," the Quality Council of India (QCI) said in a tweet. The report said geographically, the top 25 are mainly located in Europe, North America, and Asia-Pacific, with some exceptions, such as India (10th), Brazil (13th), Australia (14th), and Turkey (16th). While QCI is the national body for accreditation, B

Large Budget allocation to infrastructure makes theme attractive

While infra funds can offer good returns over long term, returns tend to swing wildly from one year to next

Why the govt shouldn't just privatise factories but infrastructure too

India should consider a reverse Build Operate Transfer (BOT) model wherein the government finances a project on the EPC basis, and then when it's ready, it auctions it off to the private sector

From AI to digital infrastructure, making high-tech work for India

The Budget's thrust on AI, 5G and data embassies promises to usher in a wider, data-driven digital infrastructure

Changing tracks

Investment in Indian Railways must be backed by reforms

Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023

Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs