Table Space to Invest $100 Million
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Are Projects facing a 90 percent barrier?
How come we manage to plan such that we always have projects that are 90% complete questions PRATAP PADODE, Founder & President, FIRST Construction Council We know that we lose nearly Rs 1 trillion a year on account of delays in projects. But keeping mega projects lingering on and on is a complete financial disaster. As per CMIE, completion of investment projects suffered a steep fall in the quarter ended June 2024. Only 316 projects with a combined investment of Rs.353 billion were completed during this quarter. Even announcements on setting up factories, building roads, and other new pr..
Cabinet approves PM Electric Drive Revolution (PM E-DRIVE) scheme
The Union Cabinet chaired by Prime Minister Narendra Modi, has approved the proposal of the Ministry of Heavy Industries (MHI) for implementation of a scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ for promotion of electric mobility in the country.Girish Wagh, Executive Director, Tata Motors, regarding the PM E-Drive announcement said, “We welcome the announcement of PM E-DRIVE scheme, as it will accelerate India’s journey towards zero-emission mobility with greater speed and rigour, especially in trucks, buses and the ambulance segme..
JSW Infra Approves Rs 2,359 Cr Capex for Expansion
JSW Infrastructure has approved a capital expenditure (capex) of Rs 2,359 crore for the expansion of its port facilities at Jaigarh and Dharamtar. This strategic move is aimed at boosting its cargo-handling capacity and strengthening its presence in India's port sector. Key Highlights: Expansion Plans: The approved capex will be used to enhance infrastructure at the Jaigarh and Dharamtar ports. The upgrades are expected to significantly increase the cargo-handling capacity, making these ports more competitive and capable of accommodating larger volumes of trade. Jaigarh Port: Located on the we..