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Home2023August

Month: August 2023

Press Release

MOVIN commences operations at its new air cargo hub in New Delhi

August 31, 2023

MOVIN, a logistics brand launched as a joint venture between UPS and InterGlobe Enterprises, commences operations from its new air cargo hub in New Delhi, enabling seamless connectivity for faster deliveries. The strategic location of […]

Press Release

MoRTH and JICA collaborate to develop guidelines for enhancing mountainous road infrastructure in India

August 31, 2023

Ministry of Road Transport and Highways (MoRTH) and Japan International Cooperation Agency (JICA) have joined forces to introduce five guidelines aimed at enhancing mountainous highway infrastructure in India. The guidelines, which have been made possible […]

Press Release

DP World signs concession to develop Tuna-Tekra mega-container terminal in India

August 31, 2023

DP World, a leading global provider of smart end-to-end logistics, signed the concession agreement on August 25, 2023 with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million twenty-foot equivalent unit […]

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Asset Sales

IndiGrid completes acquisition of 16 solar projects of VRET

August 28, 2023

IndiGrid completed acquisition of Virescent Renewable Energy Trust (VRET) having a portfolio of 16 solar projects at an enterprise value of Rs 40 billion. A total of 16 solar projects with a capacity of 538 […]

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Bonds/ Debentures

GMR Goa to raise Rs 24.8 billion through NCDs

August 28, 2023

GMR Goa International Airport is expected to raise Rs 24.8 billion through the issue of non-convertible debentures (NCDs) for repaying existing debts and fund capex. The securities will be raised at 10.25 per cent and […]

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Loans

MMRDA seeks Rs 200 billion loan to fund infrastructure projects

August 28, 2023

Mumbai Metropolitan Region Development Authority (MMRDA) is seeking a loan worth Rs 200 billion to develop and finance infrastructure projects across the region. The MMRDA is cash-strapped and plans to spend a significant amount of […]

Water & Waste

A Critical Challenge: Integrated approach essential to ensure water security

August 26, 2023

Water, being the most abundant natural resource on the planet, is the core of sustainable development and is critical for healthy ecosystems, food and energy production, industries, households, and other activities. According to the European […]

Roads & Bridges

A Brisk Pace: Accelerated growth in the road sector

August 26, 2023

A nation’s development is often gauged by the state of its road infrastructure. Recogni­sing this, the government has been taking a series of reforms and measures over the years to give a fillip to road […]

Ports & Shipping

Expansion Efforts: Initiatives to develop world-class smart ports

August 26, 2023

The Indian port sector is growing at a fast clip. Cargo traffic movement is exhibiting strong growth, with contributions from both major and non-major ports. In order to develop Indian ports as per global standards, […]

Airports

Growth Surge: Upswing in Indian aviation

August 26, 2023

The aviation sector has recorded remarkable growth over the past 25 years. Demand for air travel has been on an upswing, resulting in the creation of substantial airport infrastructure. Government support for the development of […]

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Oil and Gas

Shell India plans LNG regasification terminal project in Gujarat

August 26, 2023

Shell India is planning to set up liquefied natural gas (LNG) regasification terminal in Gujarat. It will entail an investment of around Rs 5 billion for in the LNG regasification terminal, asset integrity rejuvenation, and […]

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Ports & Shipping

Government to set up bureau of port security

August 26, 2023

The Minister of Ports, Shipping and Waterways has reported that the government will soon put together a bureau of port security for upgrading security across all the ports in the country. Further, all central government […]

Urban Transportation

Transforming Transit: Reimagining the future of urban transport

August 25, 2023

The fast-paced development of the metro network, the emergence of new transit systems and the adoption of advanced technologies have brought about a paradigm shift in the urban transportation landscape. Providing a cleaner mode of […]

Perspectives

Interview with Nitin Jairam Gadkari: “There will be a growing focus on environment-friendly road construction and maintenance practices”

August 25, 2023

The road sector has taken major strides over the past few years, backed by strong government support. The focus has been on not just improving connectivity, but also on safety, quality and expeditious development. Private […]

Perspectives

Interview with Sarbananda Sonowal: “MoPSW is committed to making India a leader in the global maritime sector”

August 25, 2023

The Indian maritime industry has experienced significant growth in recent years. The government has increased its focus on capacity addition and efficiency improvement at ports, promotion of coastal shipping and inland waterways, and provision of […]

Perspectives

Interview with Jyotiraditya M. Scindia: “Our ultimate goal is to make air travel accessible and affordable to all”

August 25, 2023

The Ministry of Civil Aviation (MoCA) is taking several measures to make air travel a mode of mass transport for citizens. In fact, the post-pandemic recovery of the sector has been much faster in India […]

Water & Waste

Sustainable Management: Growing environmental consciousness in the water and waste sector

August 25, 2023

The government and industries are making concerted efforts to ensure water security. There is growing focus on achieving 24×7 water supply in urban and rural areas, and on recycling and reusing treated wastewater to reduce […]

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Aviation

Datia Airport foundation stone laid

August 25, 2023

The foundation stone for the Datia Airport, Madhya Pradesh was laid on August 21, 2023. The airport is expected to be completed by February 2024. It entails an investment of around Rs 500 million. Developments […]

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Railways

IR to invite bids for leasing surplus plots

August 25, 2023

Reportedly, Indian Railways (IR) plans to invite bids from private companies to lease out 84 surplus plots worth over Rs 75 billion in the next 18 months. This is a part of the land monetisation […]

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Railways

Railway Board modifies policy for level crossings

August 25, 2023

According to a modification in the policy for level crossings on new line, gauge conversion, doubling and multi tracking projects issued by Railway Board, no level crossings will be included in the planning of a […]

Posts pagination

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Recent Posts

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    Himachal Futuristic Communications Limited (HFCL) has announced that the company has secured export orders worth around Rs 1.83 billion from …Read More »
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    May 11, 2026
    Malaysia’s Hotayi Electronics will invest Rs 7 billion at Sanand in Ahmedabad, over the next 10 years, with Gujarat deputy …Read More »

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