KEC International wins new orders of Rs 10.03 billion
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
Chennai Floats Bonds for Infrastructure Projects
The Greater Chennai Corporation (GCC) has decided to issue municipal bonds to raise ?1,500 crore for urgent infrastructure projects. This fund-raising strategy follows a central government model that enables urban local bodies to mobilize capital from investors for essential projects without relying solely on state or central grants. The initiative aims to address the city’s infrastructural needs, including canal restoration, road relaying, and flyover construction, all worth around Rs.80 crore. Municipal Bonds Model Under union finance ministry guidelines, urban local bodies can issue bon..
India Post to Become Logistics Giant
The Indian government is looking to transform India Post into a comprehensive logistics company, with a target to boost its revenue by 50-60% over the next 3-4 years. Speaking at the Public Affairs Forum of India event, Union Telecom Minister Jyotiraditya Scindia revealed that the postal department's annual revenue currently stands at Rs 12,000 crore. The minister expressed his goal of increasing this figure significantly through the diversification of services and by capitalizing on the department's extensive reach in rural and remote areas. Scindia stressed the need for India Post to evolve ..
India, Denmark to Boost Water Collaboration
India and Denmark have reinforced their collaboration in the water sector, focusing on innovative solutions to enhance resource management. Jal Shakti Minister C R Paatil, after meeting with Danish Minister Morten Bodskov, announced plans to establish a Centre of Excellence dedicated to advancing water technology. The Centre aims to drive innovations in smart water resource management, improving efficiency. Additionally, a Clean Rivers Laboratory in Varanasi is proposed, modeled after the Smart City Lab in Panaji, Goa. This lab will focus on river restoration and research, supporting environme..