urban infrastructure investment
According to the Joint Secretary and Mission Director, Ministry of Housing and Urban Affairs, Kunal Kumar, India needs around USD 700 billion of investment from 2021 to 2031 to boost its urban infrastructure services like Urban Mobility, Affordable Housing, Water Security, Clean India Mission and Smart Cities Mission. The broad objective is to demonstrate India's innovative case studies and attract investments to India, fostering market access for other countries. India is a USD 3 trillion economy and aggressively moving towards becoming a USD 10 trillion economy by 2030 and one of main constituents of this growth will be a massive urbanization happening in the country. Rapidly urbanizing India presents exciting investment opportunities for private sector in Indian cities to address several challenges like improving quality of urban services such as water, sanitation, urban transport and planned development of land resources. The Central government since 2014, has already invested USD 160 billion on creating and upgrading urban infrastructure and ensuring ease of living for the citizens. India‘s investment in the urban sector has jumped by over 600% during 2014-2021 as compared to 2004-2014. Urban Development is the key to India‘s growth story because it needs productive, liveable cities that ensure ease of doing business. The Government has created a National Infrastructure Pipeline (NIP) for infrastructure projects worth USD 1.5 trillion to be completed during 2020-25. Major focus of NIP is across energy (24%), roads (18%), urban (17%) and railways (12%). Each of these urban missions present opportunities for global companies to invest and grow. With total investments worth USD 28 billion, the Smart Cities Mission is realizing the vision of 100 smarter Indian cities in addressing the challenges of increasing urbanization and ultimately the plan is to cover more than 4,000 cities across the country.
Water treatment solutions provider, Va Tech Wabag, has bagged a USD 100 million contract from Green EPC for a desalination project in Dubai

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The Delhi Development Authority has unveiled the Budget Estimates for the next fiscal (FY2022-23) with an annual outlay of ₹7,933 crore and receipts

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KEC International, a global infrastructure EPC major, has secured new orders worth ₹1,112 crores in its various business segments

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Dalmia Cement (Bharat) Limited, a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, has announced the commencement of

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Ahmedabad Urban Development Authority has planned to build urban infra projects worth ₹1,900 crore largely related to water supply, drainage

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RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, and the Indian Institute of Technology, Roorkee, have entered

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The Delhi Government has planned to build 30 to 35 floors twin towers at ITO at an estimated cost of ₹1,910 crore. The new buildings will be constructed

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The construction sector is expected to grow in double digits at 10.7 percent in FY22 in a recovery from a contraction of 8.6 percent last year, aided by

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Karnataka Government has approved 87 industrial projects worth ₹4,236.26 crore thereby opening up huge job generation avenues to the locals

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IRB Infrastructure Developers’ wholly-owned arm Meerut Budaun Expressway Private Limited has executed a concession agreement with the Uttar Pradesh

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KEC International Ltd has secured new orders worth ₹1,025 crores across various businesses including an order for infra works in the Metals &

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Dilip Buildcon has secured ₹2,683.02 crore project from Coal India’s wholly-owned subsidiary, South Eastern Coalfield Limited (SECL) in Madhya Pradesh. Dilip Buildcon has already received an LOA for OB removal

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Prime Minister laid the foundation stones of multiple projects from road infrastructure, urban development, housing and drinking water supply worth

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Haryana Government has planned to launch a 1,000 acres Global City project in Gurgaon and the tendering process for the project is set to start

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The Prime Minister has launched 17 infrastructure projects of over ₹14,100 crore covering sectors like road, housing, health infrastructure, industry

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The consumer supply-chain firm Steller Value Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities

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GHMC is building signal-free highways to tackle traffic woes across the city, informed Mayor Gadwal Vijayalaxmi. Under the SRDP program, the civic body is undertaking developmental works to the tune of ₹8,000 crore, of which ₹2,000 crore

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Prestige Group has signed a civil contract worth ₹1,560 crore with Larsen and Toubro (L&T), for construction of buildings and infrastructure development at the Prestige City, Bengaluru. The scope of work includes construction

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Century Plyboards (India) has decided to set up a new integrated wood panel manufacturing plant at YSR Kadapa district in Andhra Pradesh involving an investment of ₹1,600 crore, Chairman, Sajjan Bhajanka informed that

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The Ministry of Road Transport and Highways of India (MoRTH) has planned to invest a whopping sum worth ₹7 trillion on infrastructure projects in the next 2-3 years. The investment opportunities are across multiple asset classes such

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