infrastructure

Is Andhra Pradesh Rebranding & Rebuilding Itself As The New Industrial Hub Of India ?

March 18, 2023 admin

Year 1956 – Andhra Pradesh was recognised as a state through the States Reorganisation Act of 1956. Year 2014 – Telangana was bifurcated from Andhra Pradesh, with the IT city of Hyderabad going away to the new state. Andhra now had to rebuild itself. Year 2023 – Union Minister Nitin Gadkari promises Rs 20,000 crore for increasing road connectivity of Andhra Pradesh and connecting all the ports with National highways. This gave the state the much needed boost to rebuild itself. It has been one of the most prosperous states…

Building Infrastructure Creates Jobs As Well As Brings Investments: PM Modi

March 13, 2023 admin

Prime Minister Narendra Modi stated on Sunday that infrastructure not only provides convenience but also “employment” opportunities for the people of the country. He dedicated several projects in Hubballi-Dharwad, Karnataka’s twin cities. “Infrastructure does not bring only convenience; it brings employment, investment, and means of earning,” Prime Minister Narendra Modi said during a speech to a crowd in Mandya, Karnataka. India is not only constructing “modern infrastructure,” but is also on a mission to construct “social infrastructure,” according to PM Modi. The central government has been building a modern infrastructure…

Infra Development Is Driving Force Of India’s Economy, Says PM

March 4, 2023 admin

Infrastructure development is the driving force of the country’s economy, said Prime Minister Narendra Modi on Saturday. While addressing a post-budget webinar on infrastructure and investment: improving logistic efficiency with PM Gatishakti National Master Plan, he said that this year’s budget will give new energy to infrastructure. The Prime Minister noted the praise for the budget and its strategic decisions by the experts and major media houses. He informed that India’s Capex has increased fives times compared to 2013-14 and the government is moving with a target of investing Rs…

China Plans To Construct Railway Line To Tibet Along Line Of Actual Control

March 3, 2023 admin

China has unveiled an ambitious plan to construct a new railway line along the Line of Actual Control (LAC) and through the disputed Aksai Chin region. According to a new railway plan revealed by the Tibet Autonomous Region (TAR) government, the ‘medium to long-term railway plan’ will help expand the TAR rail network to 4,000km by 2025 from the current 1,400km. As per the report by Railway Technology, the project will cover new routes that will continue up to China’s borders with India and Nepal. Designed to start in Shigatse,…

Over Rs 21,100 Cr Provided In UP Budget For Construction Of Roads, Bridges

February 23, 2023 admin

Special priority has also been given to India’s first ropeway project for public transportation in Varanasi and over Rs 2,500 crore has been earmarked for the development of metro rail service in the four metropolitan cities of UP. The Uttar Pradesh budget presented in the state assembly on Wednesday has several provisions to boost infrastructure and connectivity with a provision for Varanasi ropeway, Rs 1300 crore for the RRTS project and Rs 2500 crore for expansion of the metro in major cities. The budget for 2023-24 pays special attention to…

UP Budget Gives A Major Boost To Infra Development In the State

February 22, 2023 admin

The impact of the investment boost that Uttar Pradesh got with the recent Global Investors Summit was clearly visible in the UP Annual Budget 2023-24, which was presented in the UP assembly on Wednesday. Infrastructure and industrial development got a major boost in the budget, with several new projects being proposed. The budget saw a major chunk of the state’s finances being doled out for infrastructure and industrial development. The budget gave Rs 235 crore for the initial phase of the new projects of Jhansi Link Expressway and Chitrakoot Link…

Higher Capex By Govt Will Boost Infra Firms Revenue Growth By 17-20%: Crisil

February 15, 2023 admin

Increased investment by the Centre on infrastructure in the next fiscal year will boost the engineering, procurement, and construction sectors which could tend to achieve revenue growth of 17 to 20 per cent. This has been stated in a report by Crisil that was released on Tuesday. As announced in Union Budget 2023-24, the Centre has increased the allocation for capital expenditure (capex) on infrastructure by 33 per cent from Rs 7.5 lakh crore to Rs 10 lakh crore. The increased investment could take up the profit to the pre-pandemic…

Template For Developed India

February 13, 2023 admin

A standout feature of Union Budget 2023-24 is the record capex at Rs 10 lakh crore, which is almost twice that of the figure for the previous year. When roads, highways and railways are expanded, the economy gets a major boost. While global conditions remain uncertain, the Narendra Modi government’s commitment to boost infra on an unprecedented scale stands out. Indian Railways, for instance, plans to spend Rs 2.9 lakh crore over the next year, which, it is hoped, will have a multiplier effect on the economy. The Modi…

Big Boost for Infrastructure

February 13, 2023 admin

The Narendra Modi government’s growth agenda has once again come through forcefully in the Union Budget 2023-24. Continuing the trend of the past several years, the Budget for FY24 has bumped up the allocation for capital expenditure (capex) by a record 33 per cent year-on-year (YoY) to Rs 18.1 lakh crore, which includes central government capex of Rs 8.2 lakh crore for FY24(BE), loans to states for capex of Rs 1.3 lakh crore, grants-in-aid of capital assets of Rs 3.7 lakh crore, and Internal and Extra Budgetary Resources (IEBR) of…

UP Is Fast Shifting From Agrarian To Industrialised Economy

February 4, 2023 admin

Under the leadership of Mayur Maheshwari, the CEO of Uttar Pradesh State Industrial Development Authority (UPSIDA), Uttar Pradesh has seen many marquee infra projects take flight and the state is already being noticed for its drastic shift in infra development. Now that the state is all geared to host the UP Investment Summit 2023, Maheswari spoke to BW Businessworld about the key achievements of UP on the infra front and more. We know the state of Uttar Pradesh has demographic advantage, but it has lagged to leverage this strength, how…