metro
To strengthen their partnership, India and the European Union has agreed to advance the implementation of the action plans set out in the EU-India Roadmap 2025 and foster new synergies to jointly contribute to a safer, greener, cleaner, more digital, resilient and stable world. To boost partnership in the transport infra sector, EU plans investment of euro 3.5bn in railway or metro projects in Lucknow, Bengaluru, Pune, Bhopal, Kanpur, Nagpur; planned metros in Agra, Surat and Ahmedabad together with Italian cooperation with National Infrastructure Investment Fund and possible new air routes for enhanced direct air connectivity among other projects. The partners also agreed to work together for transparent, inclusive and rules-based connectivity between them and jointly work on regulation and support for private investments in physical infrastructure across sectors: digital, transport, energy and people-to-people programs. They will explore new opportunities via quality infrastructure, socio-economic benefits from sustainable growth, shared norms and values.

In the digital sector, both will strive for strong and secure connections, submarine cables, satellite networks, 5G connectivity, cross-border payments and plan to use their own navigation systems like Galileo and NavIC for emergency warning services. The partnership will include CITIIS (City Investments to Innovate, Integrate and Sustain) support for the implementation of India's smart city mission, Varanasi Smart City Project (EFKON), contribution to Indian governmental toolkit (policy, technology, economy) for the deployment of advanced digital network technologies in India and collaboration between the EU and Indian Space Research Organisation.

In the energy sector, both are planning for PPPs in EU eco-city projects involving public lighting, waste-to-energy project, rooftop solar facility in Bengaluru, Bhubaneswar, Chennai, Mumbai and Pune, Italian private investment in Gujarat wind power, Germany's euro 1.7bn investment for 7700km transmission lines, EIB-SBI euro 25m equity for renewables and energy efficiency and joint research projects on smart grids and storage, and also work with International Solar Alliance.

In the science and research field, EU and India are aiming at innovation partnership connecting 100 incubators, India-Denmark green partnership, Horizon 2020, promotion of two-way academic mobility among other programs. The combined market size of India and the EU is 1.8 billion people and their combined GDP is Euro 16.5 trillion. With Euro 78bn trade in goods in 2019, the EU was India's largest trading partner in 2019 and second-largest export destination.

UP unveils ₹250-cr twin towers in Varanasi

After the state government approved the design of the ground+18 floor twin buildings of the proposed integrated commissioner complex (ICC), agencies have now hastened the process of preparing a detailed Read More ...

Cidco offers large residential and commercial land parcels

The planning body of the state government in Maharashtra, the City and Industrial Development Corporation (Cidco), has decided to offer 12 large land parcels through an e-auction in Navi Mumbai, for residential Read More ...

NHIDCL makes headway for twin-tube tunnels in J&K

The National Highway Infrastructure Development Corporation (NHIDCL) has achieved a breakthrough for one of the two tubes of Z-Morh Tunnel commanding a length of 6.5 km at Sonamarg in the Ganderbal Read More ...

Apollo Inffratech Group & Parker Plant ( UK) are setting up JV facility in Gujarat to manufacture asphalt plant

Parker Plant Ltd of the United Kingdom and Apollo Inffratech Group of India are pleased to announce that they have entered into a joint venture agreement to manufacture Parker’s range of mobile and static asphalt Read More ...

IFC unveils $150-mn green financing package to KIIFB

International Finance Corporation, which is a part of the World Bank, has planned a green financing package of $150 million to the Kerala Infrastructure Investment Fund Board. KIIFB is a state government Read More ...

Ashiana Housing announces 12-acre project in Pune

Ashiana Housing will develop a 12-acre housing project for senior citizens in Pune. The company informed that it has entered into development agreement for building a residential project on the revenue Read More ...

North Frontier Railway expedites rail project in Tawang

The Arunachal Pradesh government has fast tracked the groundwork for the construction of the 200-km long rail line at Tawang district, bordering China. The State Chief Secretary Naresh Kumar directed the Deputy Read More ...

Hines-GGC ties up for ₹1,200-cr commercial complex in Pune

The US-based realty firm Hines has tied up with Goel Ganga Corporation to develop a premium office complex in Pune at an investment of ₹1,200 crore. Hines, a privately-owned global real estate investment firm Read More ...

AMC finalizes ₹850-cr Phase-2 of riverfront project

The Ahmedabad Municipal Corporation has finalized the riverfront Phase-2 project involving an investment of ₹850 crore. The civic body has finalized the design for the mega project and its implementation Read More ...

ST Telemedia plans ₹1,100-cr data centre in Noida

The Singapore-based ST Telemedia Global Data Centres (STT GDC) has set aside ₹1,100 crore to build a data centre in Noida. It has already started the construction of phase-1 of the new greenfield data centre facility Read More ...

UPMRC launches work on underground metro corridor

The Uttar Pradesh Metro Rail Corporation Limited (UPMRC) has started work on the Building Condition Survey to gauge the current structural status of buildings that come under the vicinity of about 50 meters on Read More ...

Cidco speeds up airport notified area project in Mumbai

The City and Industrial Development Corporation (Cidco) has accelerated the implementation of the Navi Mumbai Airport-Influenced Notified Area (Naina) project, which aimed at preventing the haphazard Read More ...

Odisha Govt approves ₹898-cr infrastructure projects

Odisha Government has approved 11 infrastructure projects including the construction of the ₹448.02-crore Biju expressway in a virtually meet chaired by the state CM. Chief Secretary S C Mohapatra informed Read More ...

PropTiger launches virtual platform 'PropTiger Direct'

Real estate advisory PropTiger has launched a virtual platform PropTiger Direct to enable customers to experience digital home-buying during a time when physical site visits and in-person interactions have been restricted Read More ...

Capacit'e Infraprojects wins ₹344-cr contracts

Capacit'e Infraprojects, which is a renowned real estate and infrastructure builder of national repute, has secured three contracts worth ₹384.7 crore from Sheth Developers and Raymond Realty among others Read More ...

KEC International wins new orders of ₹937 crores

KEC International Ltd., a global infrastructure EPC major, has secured new orders of ₹937 crores across its various businesses. In Transmission & Distribution (T&D), it has secured orders of ₹418 crores for transmission line Read More ...

Ambuja Cements offers low carbon & sustainable products

Ambuja Cements is setting industry benchmarks in offering low carbon, sustainable solutions to its customers. Aligned with the vision of LafargeHolcim, the parent company, Ambuja Cements is committed to Read More ...

JSW Cement enters construction chemical sector

Sajjan Jindal-led JSW Cement has entered the construction chemical sector with the launch of a unique green product range in the category. The sector offers new opportunities for JSW Cement to combine innovation Read More ...
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