Projects

The 2019-20 Budget has a clear action plan for making of a US$5 trillion economy over the next few years, said the Federation of Indian Chambers of Commerce and Industry (FICCI) President Sandip Somany.

Transport sector has been allocated enhanced outlay of Rs.83,000 crore in the Union Budget presented on 5 July 2019, which the Finance Minister said will help carry out a comprehensive restructuring of National Highway Programme to ensure that the National...

Overall, the Budget 2019-20 is a balanced one with more of a long-term vision as a follow-on of the Interim Budget. It has obviously been formulated to restore confidence in the India growth story, as a whole, and more importantly...

Innovation is a currency of the future and India needs to start working in a focused manner on creating a strong innovation culture, said Dhotre Sanjay Shamrao, Minister of State, Ministry of Electronics & Information Technology.

The proposed Expressway between Bengaluru and Chennai, a greenfield expressway of 285 km, is under Detailed Project Report (DPR) stage, Road Transport & Highways Minister Nitin Gadkari told parliament on 4 July 2019.

In order to create a ten trillion-dollar economy by 2032 India needs a robust and resilient infrastructure, says the Economic Survey 2018-19, tabled in parliament on 4 July 2019 by a Finance and Corporate Affairs Minister Nirmala Sitharaman.

The Government has allocated Rs.850.00 crore in interim budget for the Financial Year 2019-20 to National Industrial Corridor Development and Implementation Trust (NICDIT) for development of all industrial corridor projects across the country, parliament was told on 3 July 2019.

The Government has accepted recommendation for restructuring and strengthening of Hindustan Aeronautics Limited (HAL) and setting up of an Aerospace University at a cost of Rs.592 crore.

Invest India is currently working with 1,003 companies, with an indicated investment worth US$137 billion and indicated employment of 1,981,147 extending end-to-end facilitation support, Parliament was told on 3 July 2019.

The Cabinet has approved a proposal for leasing out of three airports Adani Enterprises Ltd for having the highest bid under the Private Public Partnership (PPP) model.