India-Japan JV to build Asia Africa Growth Corridor

Joint Venture
India and Japan had announced the construction of an Asia Africa Growth Corridor with four major strands, including capacity building and creating quality infrastructure and institutional connectivity, human resource development in Africa, people-to-people partnership, and development and cooperation projects. India is joining hands with Japan and the UAE to implement two projects in Africa as it seeks to extend its footprint on the continent where strategic rival China has made deep inroads. The partners also envisaged developing capacities to sustain infrastructure, greenfield projects, power grids, agriculture and agro-processing, besides health and pharmaceuticals. Official sources said that India and Japan will also set up a cancer hospital in Kenya, which would be built as part of the AAGC initiative, but described it as a trilateral cooperation venture with Japan, and similarly with the UAE in the case of the ICT centre in Ethiopia. Analysts say that India is seeking partnerships with third countries in Africa given its resource constraints, though New Delhi has undertaken many projects like the ambitious Pan African e-network project on tele-education and tele-medicine, that provides integrated satellite, fibre optics and a wireless network between educational and medical institutes in Africa and India. Former foreign secretary Kanwal Sibal said that India's expertise in skilling manpower, if backed by financial resources and technical expertise from countries like Japan and the UAE, could create quality projects in Africa.

Schwing Stetter enters the mobile compact crushing space; joins forces with Rubble Master of Austria

Schwing Stetter India (SSI), signed a strategic partnership with global leader Rubble Master HMH GmbH, to enter the mobile compact crushing business. The partnership follows both the companies' recent participation in Bauma 2019 Read More ...

India poised to house 10 fastest growing cities in world

By 2035, the top 10 fastest growing cities in the world will be from India, stated a report by Oxford Economics. These are Surat, Agra, Bengaluru, Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirapalli, Chennai and Vijayawada. Taking the Read More ...

Govt takes over 3 road projects of debt-ridden IL&FS

The government is set to take over three under-construction national highway projects that were being executed by debt-ridden IL&FS Group. The projects will be owned by the ministry of road transport and highways after the parties reached Read More ...

GMDA plans three roads at Udyog Vihar industrial hub

The Gurugram Metropolitan Development Authority (GMDA) has decided to build and widen three roads in Udyog Vihar industrial hub connecting to Old Delhi road — from Shankar Chowk, Shyam Chowk and Atlas Chowk, respectively. The nodal Read More ...

World-class upgrades for Greater Noida e-way

The Greater Noida Authority has decided to redevelop the 23km Noida-Greater Noida expressway with bitumen technology along with construction of four underpasses to match global standards. A survey has already been carried out by the authorities Read More ...

AFD inks Euro 100-mn MoU for Agartala Smart City

As a part of Agartala city development initiative under Smart City Mission, a team of Agence Française de Développement (AFD), French development bank, has signed an agreement with India to provide a loan of 100 million euros for 15 smart city Read More ...

Warbug-Runwal unveils $200-mn retail investment plan

Close on the heels of investing over $1-billion in Indian malls by US private equity (PE) firm Blackstone, another global PE player Warbug Pincus has indicated plans to pump a similar amount in malls together with its partner the Runwal group based Read More ...

Retail realty doubles investment to $1.2-bn in two years

India's retail real estate sector attracted private equity investment worth $1.2 billion in the past two years, doubling from the previous two years, according to Anarock property consultant, attributing the sharp rise in private equity Read More ...

CREDAI demands quicker clearances in Chennai

With real estate and housing sector facing various challenges in the country, the Confederation of Real Estate Developers Association of India (CREDAI) Tamil Nadu chamber has stressed the need for a single-window clearance for Read More ...

TSPD expands operational ambit into housing sector

After carving out a niche in setting up fuel stations, spas and food courts, the Telangana State Prisons Department has recently forayed into housing development for middle and lower middle class families. The activity is being Read More ...

KMRL cruises ahead with ₹1,987-cr Phase-II expansion

In a bid to speed up expansion work on Phase-II, the Kochi Metro Rail Ltd (KMRL) has conducted a Social Impact Study of the metro line from Jawaharlal Nehru International Stadium to Infopark via Kakkanad. The revised DPR has been Read More ...

NOIDA unveils twin metro connects to National Capital

The Greater Noida Industrial Development Authority (GNIDA) is planning two new Metro links to connect to the capital city. The plan is to extend the Delhi Metro Rail Corporation‘s (DMRC) Blue Line from Noida City Centre into a loop Read More ...

Plans afoot to widen NH-29 road stretch in Nagaland

In order to widen the National Highway 29 from Purana Bazaar to Chümoukedima stretch at Dimapur in Nagaland, the authorities have fast tracked the process of resolving pressing issues related to the 4-lane construction of the road Read More ...

LMRC marches ahead with ₹8,415-cr Agra metro rail project

Expanding the metro rail network across cities, the Lucknow Metro Rail Corporation (LMRC) is set to start construction of the Agra metro rail project involving an investment of ₹8,415 crore. It will provide respite from traffic congestion Read More ...

NHAI fixes ₹3 trillion roads & highways on radar

In a strategic move, NHAI has decided to consider only those projects that require minimal land acquisition. This is due to the increased compensation costs after the new Act — the Right to Fair Compensation and Transparency in Read More ...

Japan injects $5-bn in India's infra sector

In a major funding push, Japan has agreed to invest $5 billion in the current fiscal in the country's infrastructure sector covering surface and water transport, and power projects. More than 60 percent of the investment will be Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week