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NEW DELHI: The Pragati-led ecosystem for monitoring of projects and flagship schemes has helped accelerate projects worth more than Rs 85 lakh crore in the past decade, PM Modi said Wednesday while chairing the 50th Pragati meeting online with secretaries and chief secretaries.Modi described the milestone as a symbol of the deep transformation India has…
The Union cabinet on Wednesday approved highway projects worth Rs 20,668 crore, including a six-lane greenfield Nashik–Solapur (Akkalkot) corridor in Maharashtra and the widening and strengthening of NH-326 in Odisha.The largest approval is for the 374-km Nashik–Solapur (Akkalkot) corridor, cleared at a cost of Rs 19,142 crore. The project involves construction of a six-lane access-controlled…
In the roads and highways segment, the government continues to prioritize the expansion and enhancement of the national highways network. By Sushi Shyamal VemuIndia’s infrastructure sector is experiencing a significant transformation, as major developers and Infrastructure Funds shift their focus from isolated project implementation to developing large-scale infrastructure platforms. This change is driven by increased…
Highway expansion drive is facing execution stress, with 574 under-construction National Highway projects worth Rs 3.60 lakh crore running behind schedule, the government told Parliament on Wednesday, PTI reported.Of the delayed projects awarded over the past five years, 300 are behind schedule by up to one year, 253 face delays of one to three years,…
American billionaire and entrepreneur Mark Cuban has now urged the young engineers entering the job market to prioritise small and medium-sized companies over multinational corporations (MNCs) when seeking opportunities in artificial intelligence (AI). Cuban feels that smaller companies offer better platform for new graduates to make an immediate impact, while large corporations often dilute individual…
Russian President Vladimir Putin held a phone call with Venezuelan President Nicolás Maduro, on Thursday, during which he reiterated Russia’s intention to carry out joint projects in the economy and energy sectors and expressed solidarity with Venezuela. The call, confirmed by the Kremlin, comes amid ongoing geopolitical tensions, including pressure from the United States on…
File photo: Defense minister Rajnath Singh (Picture credit: PTI) NEW DELHI: Inaugurating 125 border infrastructure projects, including the key Shyok tunnel in Ladakh, defence minister Rajnath Singh on Sunday said they will not only ensure faster mobility of troops & weapons, but also boost tourism, employment & stronger faith in democracy among people living in…
File photo (Picture credit: ANI) Union minister Ashwini Vaishnaw announced on Wednesday that the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved two key railway multitracking projects worth around Rs 2,781 crore. The decision will add nearly 224 kilometres to the existing Indian Railways network across four districts in Maharashtra…
India is pushing to clear a large backlog of delayed national highway projects by the end of March, aiming to cut cost overruns and revive construction momentum after a sharp fall in project awards this fiscal.According to an ET report, the road, transport and highways ministry began the year with 152 stalled projects worth Rs…
The government has approved 17 additional applicants under the Production Linked Incentive (PLI) Scheme for textiles in the third selection round, a move the Textile Ministry said will strengthen domestic manufacturing and improve India’s competitiveness in man-made fibre (MMF) apparel, MMF fabrics and technical textiles.According to the ministry, the newly approved companies have committed investments…
