Infrastructure

bauma CONEXPO INDIA cancelled for 2021 bauma CONEXPO INDIA, the international trade fair for construction machinery, building material machines, mining machines, and construction vehicles will not take place this year due to the organizers’ concerns around exhibitors’ ROI, uncertain international participants’ turnout, and safety protocols. “The decision to not hold North India’s leading trade fair bauma CONEXPO INDIA comes after deliberations with stakeholders and a comprehensive study of the market in...

“Budget focuses on reviving the economy” With its extensive focus on infrastructure and healthcare, the Budget FY21-22 clearly focuses on reviving the economy. The key pillars such as health and wellbeing, capital and infrastructure, inclusive development, enhancing human capital, innovation and R&D and minimum government and maximum governance rightly identifies the core areas for sustained growth and provides considerable thrust towards an Atmanirbhar Bharat. The emphasis on further expanding the...

A pro-infrastructure and investment Budget: JLL India Given that the economy is well on its path to recovery, Union Budget 2021 has focused on enhancing expenditure while keeping the fiscal targets at bay in the short term. This Budget focuses on augmenting infrastructure with a special focus on expediting urban infrastructure projects which will act as a strong catalyst in driving real estate in urban areas. There is also a...

Union Budget 2021 LIVE Updates Finance Minister Nirmala Sitharaman is presenting the Union Budget 2021. Here are the key highlights: #Budget2021 proposals rest on six pillars Health and Well-Being Physical and Financial capital and infrastructure Inclusive Development for Aspirational India Reinvigorating Human Capital Innovation and R&D Minimum Govt., Maximum Governance LIVE Updates: Time 11.52 New Centrally Sponsored Scheme #PMAatmanirbharSwasthBharatYojana to be launched, outlay of Rs 64,180 crore over 6 years LIVE Updates: Time 11.55 Jal...

Maharashtra to promote renewable energy generation: Dr Nitin Raut The Mahavikas Aghadi Government is committed to generate 40 per cent of its energy from renewable sources by 2030 by encouraging the public private partnership, said Dr Nitin Raut on Thursday while delivering a key note address at a webinar organised by Federation of Indian Chambers of Commerce and Industries. Dr Raut said production of Solar Energy compared to the conventional energy...

Vikram Solar commissions 140 MW solar project for NTPC in UP Vikram Solar, one of India’s leading module manufacturers and a comprehensive EPC solutions & rooftop solar provider, announced the completion of a 140 MW solar plant project commissioned for National Thermal Power Corporation Limited (NTPC) at Bilhaur, Kanpur spread across 700 acres. The 140 MW solar project also includes a 33/132 KV switchyard. The expected energy yield of this...

Tata Motors increases passenger vehicle prices Tata Motors has announced that it will hike prices of its passenger vehicle range, effective today. Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on a part of the cost to customers. “Tata Motors has marginally increased prices from 0 to INR 26,000, depending on the variant. Continuing its commitment towards customers, the Company will...

Siemens launches one of the most efficient DC chargers currently available on the market Siemens Smart Infrastructure released its new public fast charger Sicharge D. It is suited for highway and urban fast charging stations, city parking as well as shopping malls and provides one of highest peak efficiencies on the market at 96 percent, scalable charging power and dynamic power sharing. “With its upgradability and dynamic charging, it is a...

Maharashtra commits to strengthen power distribution network to attract industries: Dr. Nitin Raut The state energy department would spend Rs 2500 Cr per annum for infrastructure development for state owned distribution company Mahavitaran (MSEDCL). Of it Rs 1500 Cr would be spent on energization of agriculture pumps by conventional method and Rs 1000 Cr for strengthening infrastructure in industrial and urban areas. Addressing a review meeting of the Mahavitaran officials on...

Bridgestone India launches new tyre for commercial vehicles Bridgestone India announced the launch of its new generation Drive position tyre for the Commercial Vehicle segment, which is meant specifically for the general cargo, long haul, highway application. This tyre addresses issues of Tyre mileage, Fuel mileage and Cut-Chip resistance, thereby increasing tyre life and better retreadability. The tyre will be marketed under the name V-STEEL Mix M721. “Our global mission is...

PFC to launch ₹5,000 crore public NCD issue 15 Jan Power Finance Corporation Limited, is one of the leading financial institutions in India, focused on the power sector will open its Rs 5,000 crores public issue of secured, redeemable Non-Convertible Debentures on January 15, 2021. The base Issue size is Rs. 500 crores with an option to retain oversubscription of up to Rs. 4,500 crores aggregating up to 5,000 crores...

Samsung launches New Wi-Fi enabled range of Compact VRF Air Conditioning System Samsung has launched large capacity Variable Refrigerant Flow (VRF) air conditioning systems in India that can be installed in just 0.5 sq metres of space in premium apartments, villas, bungalows, houses as well as commercial and retail establishments. The new side discharge VRF system—DVM S Eco—promises an extremely efficient, eco-friendly and quiet air conditioning solution and offers a specialized...

Keep infrastructure development away from politics: PM Prime Minister Narendra Modi on Tuesday urged to keep the development of infrastructure away from politics. He said that the country's infrastructure should be a mission to benefit many generations, not 5 years of politics. If political parties have to compete, there should be competition in the quality of infrastructure, competition on speed and scale. Prime Minister was speaking after flagging off the first...

Prime Minister Narendra Modi inaugurated India’s first-ever driverless train operations on Delhi Metro’s Magenta Line today through a video conference. Today the National Common Mobility Card was expanded to the Airport Express Line of Delhi Metro. Speaking on the occasion, the Prime Minister termed today's event as an attempt to make urban development future ready. He said preparing the country for future needs is an important responsibility of governance. He...

Govt identifies new routes for waterways The Ministry of Ports, Shipping and Waterways (MoPSW) has MoPSW has identified Domestic locations namely Hazira, Okha, Somnath Temple, DIU, PIPAVAV, Dahej, Mumbai/JNPT, Jamnagar, Kochi, Ghogha, Goa, Mundra and Mandvi and 6 International routes, connecting 4 international destinations namely Chattogram (Bangladesh), Seychelles (East Africa) Madagascar (East Africa) and Jaffna (Sri Lanka) from Indian major coastal port towns for the commencement of ferry services through...