Traffic-calming measures are used by NHAI on the Mumbai-Agra motorway

Karnataka Offers 10% Incentive to Boost R&D Manufacturing

The Karnataka government will provide an additional 10% incentive to companies transitioning their research and development (R&D) operations into local manufacturing. This initiative, part of the state’s 2025-2030 industrial policy, aims to boost domestic production, said MB Patil, Minister for Large and Medium Industries. With over 400 Fortune 500 companies having R&D centers in Bengaluru but only 10% manufacturing locally, the revised policy offers flexible incentives, including production-linked and capital-based benefits. Employment-based incentives will also favor firms hiring women. ..

NHIT Plans $2.4 Billion Highway Fundraise

The National Highways Infrastructure Trust (NHIT), sponsored by the National Highways Authority of India (NHAI), is set to raise over Rs 200 billion from both domestic and foreign investors in the coming weeks to acquire 11 operational road assets. This round is not only the trust’s fourth fundraise but also its largest to date. According to official sources, approximately Rs 100 billion will be raised through the issuance of fresh equity units, supported by a matching debt component. The final amount will be determined by the book building process, with a portion of the equity raised thro..

Kochi Metro to Study Extension to Global City

Kochi Metro Rail Ltd (KMRL) has confirmed plans to conduct a feasibility study for extending its proposed airport metro line to Ayyampuzha, the site of the upcoming Global City project. This study is officially part of the request for proposal (RFP) for Phase III of the metro expansion. This marks KMRL’s first formal acknowledgment of the extension, which had been under speculation. The Global City project is a crucial component of the Kochi-Bengaluru Industrial Corridor (KBIC), aimed at driving economic and industrial growth in the region. The KBIC has recently progressed with the Cabinet C..