Contract

As on 19 July 2019, 3,700 projects worth about Rs.136,000 crore have been tendered under the 100 Smart Cities Mission (SCM) programme, said the Ministry of Housing & Urban Affairs on 29 July 2019.

The Indian real estate sector has started reviving with the first half of the year drawing about US$2.7 billion investments and is projected to grow by 35%-40% over the next couple of years.

Bid for Bundle-3, under the Toll-Operate-Transfer (TOT) Model, has been invited since 13 June 2019 with bid due date of 11 September 2019, Road Transport and Highways Minister Nitin Gadkari has told Parliament on 25 July 2019.

The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Power Projects have been amended by Ministry of New and Renewable Energy and released on 25 July 2019.

Exclusive Pavilions on AI, IoT, Robotics, Startups, Components and Parts will be showcased at the 10th edition of EXCON, South Asia’s largest construction equipment trade fair to be held in Bengaluru 10-14 December 2019.

The Indian electric bus market is predicted to witness a sale of 7,187 units by 2025, progressing at a 53% CAGR during the 2019-2025 period, according to ResearchAndMarkets’ latest report.

The Rs.325 crore project for Channel and Basin Deepening of Inner Harbour Tuticorin for Fully Loaded Panamax Ships is under tendering, Minister of State for Shipping Mansukh Mandaviya said in a written reply to Rajya Sabha on 22 July 2019.

Only a paltry number of developers have built housing that meets the Government’s criteria for incentivized affordable housing in 2019, writes Anuj Puri, Chairman - ANAROCK Property Consultants.

If a company partners with a startup, then the Department of Science and Technology (DST) will also partner with it and extend a matching grant to help the partnership scale up, assured DST Secretary Prof. Ashutosh Sharma.

A number of steps have been taken by the Government to help revive stalled projects, Anurag Thakur, Minister of State for Finance, has told Lok Sabha on 15 July 2019.