Projects

Update: DRP in progress on six bullet trains Site survey and feasibility studies have been completed on raising the speed to 160 kmph on existing New Delhi-Mumbai (including Vadodara-Ahmedabad), and New Delhi-Howrah (including Kanpur–Lucknow). Detailed estimate, based on actual requirement...

Projects driven by smart cities development The Indian composites market is expected to reach an estimated US$2 billion by 2021 with a CAGR forecast of 14.1% by value from 2016 to 2021, said a ResearchAndMarkets report on 11 Mar 2020....

Seven properties combine in REIT The Competition Commision of India (CCI) has approved proposed combination involving setting up of Mindspace REIT (REIT) by K. Raheja Corp Group. It also involves acquisition of certain equity shareholding held by selling shareholders in...

Proposed: mine plough manufacturing Pearson Engineering from the United Kingdom is bullish around its prospects in India having successfully completed delivery of 41 surface mine clearance systems (SMCS). The company is also confident of receiving a repeat order alongside its...

Under execution: Mumbai-Ahmedabad HSR The Railway Ministry is undertaking Detailed Project Report (DPR) for the six High Speed Rail (HSR) projects, parliament was told on 4 Mar 2020. The National High Speed Rail Corporation Ltd (NHSRCL) is undertaking the DPR...

FM: Bank merger on course The Union Cabinet has approved the mega consolidation of 10 Public Sector Banks into four from 1 April 2020, creating the strongest banking network out of the current financially-strapped system. The amalgamation covers Oriental Bank...

PKVY promotes organic farming The Indian agricultural machinery market is poised to grow by US$3.73 billion during 2020-2024, progressing at a CAGR of more than 8% during the forecast period, said Technavio which has monitored the market since 2014. The...

Highway upgrades identified About 26,200 km stretches of Economic Corridors, 8,000 km of Inter Corridors, 7,500 km of Feeder Routes and 5,300 km Border and International connectivity roads have been identified for development, Minister for Road Transport and Highways Nitin...

Budget 2020: UP Defence Corridor gets Rs.3,700cr The 296-km Bundelkhand Expressway at Chitrakoot, costing Rs.14,849 crore, is expected to benefit Chitrakoot, Banda, Mahoba, Hamirpur, Jalaun, Auraiya and Etawah districts and supplement the Uttar Pradesh Defence Industrial Corridor. Laying the foundation...

Goyal wants implementation of MoUs Commerce and Industry Minister Piyush Goyal has reviewed 17 large-size infrastructure projects worth Rs.32,910 crore on 27 of February in the Department of Promotion of Industry and Internal Trade (DPIIT), New Delhi on 27 Feb...