Leverage technology to cut construction equipment cost: Gadkari

construction sector
The Union road transport minister, Nitin Gadkari called upon private players in the construction industry to focus on mechanization, adoption of advanced technologies and global best practices, usage of LNG and bio-fuels, and innovations in using waste materials as raw materials for their construction projects to reduce the cost of construction and pollution. He stated this while addressing the gather shortly after inaugurating the 10th edition of CII's construction equipment trade fair – Excon 2019 in Bengaluru. There are large number of projects under waterways, airports, ports, and smart cities, but private sector should focus on bringing down the cost of construction and pollution only then they can do brisk business. The construction equipment industry can hope to expect a 40 per cent increase in sales in the near future, as the Central government is investing huge amounts in road and other infrastructure projects. He further said adding that PM's vision is to make India a $5-trillion economy and to achieve this the government is embarking on major infrastructure and industrial projects worth ₹100 lakh crore.

He further claimed revealing that in the road sector alone, the Centre is investing ₹2 lakh crore this year. The amount of investment for the next year will increase to ₹3 lakh crore and within the next five years, the total government's spend on the road infrastructure will be about ₹17 lakh crore. Karnataka Chief Minister BS Yediyurappa said that Karnataka is an emerging hub for construction equipment, component outsourcing and design base. The State offers huge business opportunities for the construction industry, as it is embarking on major infrastructure development projects in roads & flyovers, industrial infrastructure and power. While President, CII, Vikram S Kirloskar, in his address said the cost of doing business in India is set to come down as the government is keen on rebooting the infrastructure in roads, ports, railways, waterways by fast-tracking infrastructure projects. The construction equipment industry can face the tough market situation prevailing now by focusing on being ready for Industry 4.0 and reinventing itself. In his special speach, Founder, Chairman Wipro, Azim Premji, insisted that a well-planned, modern infrastructure is extremely important for India to achieve its $5 trillion target. Currently, India spends about 5 per cent of its GDP towards infrastructure development and the country should increase it to at least 6 per cent, which is what China spends for its infrastructure development.

CIL floats tenders for ₹4,970-cr rail corridor

For the quicker evacuation of coal from open cast mines in Chhattisgarh, Coal India Ltd (CIL) has floated twin tenders for the construction of a 135 km east-west rail corridor at an estimated cost of ₹4,970 crore through Read More ...

CapitalLand plans ₹450-cr warehousing space in NCR

The Singapore-based CapitalLand has initiated negotiations to develop 3 million square feet of warehousing space at Sohna near Gurgaon in the NCR region. Investors and e-commerce companies are keen to invest in a segment Read More ...

RLDA invites RFP for leasing 3,719 sq mt land in Chennai

The Rail Land Development Authority (RLDA) has invited a Request for Proposal (RFP) for leasing 3,719 square metre land parcel at East Tambaram, Chennai. The land parcel is located along Bharathamadha Street, near Tambaram Read More ...

UP Govt expedites ₹5,800-cr new expressway in Gorakhpur

The UP government has expedited the process of land acquisition for 91-km expressway project in Gorakhpur. The mega project crisscrossing four districts including Gorakhpur, Sant Kabir Nagar, Ambedkar Nagar Read More ...

KRCL commences work for ₹658-cr tunnel in Kerala

The Konkan Railway Corporation Limited (KRCL) has launched the groundwork for the construction of a 6.8 km long tunnel between nearby Anakkampoyil and Meppadi in Wayanad, connecting Kozhikode and Wayanad districts Read More ...

DMRC invites bids for ₹1,958-cr Patna metro project

The Delhi Metro Rail Corporation (DMRC) has invited bids for the construction of the first underground package (PC-03) of Patna Metro's 14.05 km Line-2 of the Phase 1 project which will connect Patna Junction Railway Read More ...

IRCON secures ₹400-cr bridge contracts

IRCON International has secured contracts for the construction of nine road-over-bridges (ROBs) from the Ministry of Railways involving an investment of ₹400 crore. The work has been awarded through competitive bidding Read More ...

NHAI unveils ₹1,876-cr Villupuram-Pondicherry Highway

To ensure smooth flow of vehicular traffic between Villupuram and Pondicherry, NHAI has proposed to expand the 67-km stretch into a four-way bypass road with a 45m-60m right of way (RoW) and grade separators at an Read More ...

J&K gets ₹3,848-cr Baramulla-Kupwara railroad project

The railway has conducted a satellite survey for the construction of a railroad from Baramulla to Kupwara in northern Kashmir entailing an investment of ₹3,848 crore. For the project, which was approved by the central Read More ...

Railway pushes ₹4,085-cr railway project in Bengal

The northeastern railway has hastened the Sivok-Rangpo 44.96 km long rail line involving an investment of ₹4,085 crore. Out of the total length, 41.55 km falls in West Bengal and 3.41 km in Sikkim. An investment ₹682 crore Read More ...

Centre approves ₹1,500-cr AP Coastline projects

The ministry of shipping has approved coastline infrastructure projects of ₹1,500 crore in Andhra Pradesh. The ministry is taking up these ventures for the improvement of Kakinada anchorage port under the Sagarmala Programme Read More ...

NHIDCL builds tunnelling network along the border

The Centre has fast-tracked the process of preparing DPR for multiple tunnels including the Shinkun La Tunnel connecting Ladakh with Lahaul and Spiti district of HP. The work on the 13.5 km long tunnel connecting the two Read More ...

Indian Railway takes up 513 new line projects on zonal level

Indian Railways has taken up 513 new line rail projects including Gauge Conversion and Track Doubling on Zonal levels and as of now, all these projects are in different stages of planning, sanction and execution. The completion Read More ...

TBM T61 provides breakthrough to Mumbai Metro Line-3

Tunnel Boring Machine (TBM) T61, also called Tapi-1, operated by the J Kumar Infraprojects – China Railway Tunnel Group JV made a breakthrough at Chhatrapati Shivaji Maharaj International Airport's Domestic Terminal-1 Read More ...

Ashiana Housing plans ₹400-cr Realty Projects

Ashiana Housing has targeted to invest ₹400 crore to launch a score of new projects in the current fiscal. MD Vishal Gupta informed that the company is looking for partnerships with landowners for expansion of its business Read More ...

REPL secures multiple Consultancy Contracts in AP and Odisha

Rudrabhishek Enterprises Ltd (REPL) has bagged two consultancy contracts in Odisha and Andhra Pradesh. Pradeep Misra, CMD, REPL, informed that in Andhra Pradesh, the Medical Services & Infrastructure Development Corporation 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