the operationalisation of the geopolitically significant Chennai-Vladivostok Eastern Maritime Corridor (EMC)
India and Russia have fast tracked the operationalisation of the geopolitically significant Chennai-Vladivostok Eastern Maritime Corridor (EMC). The Corridor is an alternative trade route between the Russian port city of Vladivostok and the Indian port city of Chennai. In this connection, the workshop is proposed to take place from 30 October to 1 November 2023 in Chennai. The corridor allows India to have a presence in the South China Sea through a trade route, which is primarily aimed at the speedy transportation of coking coal. The operationalisation of the Eastern Maritime Corridor (EMC) will usher in a new era of trade relationship between India and Russia.
Mumbai Municipal Corporation invites bids for ₹1362 cr road upgrade
The Municipal Corporation of Greater Mumbai (MCGM) has opened bidding for the upgrading and strengthening of roads in the Mumbai metropolitan city division, entailing an investment of ₹1,362.34 crore. The project includes enhancing various

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Scania India Partners with PPS Motors: Strengthens presence in Mining
Scania Commercial Vehicles has partnered with PPS Motors, designating them as the sole representative for Scania's mining tippers in India. This partnership ensures Pan India coverage for sales and service operations. Scania India

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Six Infra giants bid for ₹16,621 cr Mumbai coastal road project
Six major infrastructure firms, including L&T, J Kumar Infraprojects, NCC Limited, Megha Engineering, APCO Infraprojects, and Afcons Infrastructure, are competing for the ₹16,621-crore Coastal Road project connecting Versova to Dahisar

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Uttarakhand awards THDCIL-UJVNL Energy ₹17,000 cr Hydro Projects
Uttarakhand State Government has granted contracts worth ₹17,000 crore to THDCIL-UJVNL Energy Company, a joint venture between THDC India and UJVNL, for five hydro-electric projects totaling 1,719 MW. The projects include Mori Hanol (63 MW)

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India and ADB sign $175mn loan pact for MP road upgradation
India and the Asian Development Bank (ADB) have inked a $175 million loan agreement to upgrade 500 km of state highways and major district roads in Madhya Pradesh. The project will incorporate climate- and disaster-resilient designs

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Gujarat govt signs MoUs with AAI for development of 11 airports
The Gujarat government has entered into Memorandums of Understanding (MoUs) with the Airports Authority of India (AAI) to develop 11 new greenfield airports and expand nine existing ones. Towns like Ankleshwar, Morbi, Rajpipla, Botad

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NHAI accelerates ₹580 cr Pune-Bengaluru NH bypass construction
NHAI expedites construction of the six-lane Narendra Cross to Gabbur stretch on the Pune-Bengaluru National Highway bypass, with a ₹580 crore investment. The project, managed by NHDL, includes 21 underpasses, one road over bridge

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NHAI invites bids for ₹270 cr elevated structure project in Rajasthan
NHAI has issued a tender for the construction of an elevated structure at Raniwara Circle, Sanchore town, as part of the Gandhav-Sanchore section on NH-68 in Rajasthan. The project, under the NH(O) scheme, follows an EPC model and requires

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Allcargo Gati appoints Sandeep Kulkarni as COO
Allcargo Gati Limited has appointed Sandeep Kulkarni as its Chief Operating Officer. He will be responsible for formulating strategic planning, driving operational efficiency through the adoption of new-age technology, leading

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Panattoni launches its first project in India with Rs 110 cr investment
Real estate developer Panattoni has announced its inaugural project in India with the Phase 1 launch of Panattoni Park NH71 in Delhi NCR. Panattoni has made an investment of INR 110 crores in the first phase of the project, and over the next

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VOC port gets approval for Rs 7,055.95 cr container terminal
The Union government's V O Chidambaranar Port Authority in Tamil Nadu has received approval from the Public-Private-Partnership Appraisal Committee (PPPAC) to construct a 4 million TEUs capacity container terminal in the port's outer harbor, involving

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HCPL secures bid for Hubballi Airport's Rs 260.22 cr terminal
Harsh Constructions (HCPL) emerges as the lowest bidder (L1) for the civil construction of Hubballi airport's new terminal building in Karnataka. The Rs. 260.22 crore investment will enable the terminal to handle 2400 peak-hour passengers, featuring

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RITES & MIDC join forces for logistics projects
Government-controlled PSU RITES, under the Ministry of Railways, has inked an initial pact with Meghalaya Industrial Development Corporation Ltd (MIDC) for multi-modal logistics projects in Meghalaya. RITES will serve as a project management consultant

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Panattoni Group to invest 100m euros in industrial park in Delhi-NCR
The US-based Panattoni Group announces a 100 million Euro investment in an 8 million sq. ft. industrial park in the Delhi-NCR region, marking its entry into the Indian market. The first project, covering 18 acres along National Highway 352, is strategically

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CMRL awards Rs 137.86 cr E&M contract to Universal MEP for pink line
Chennai Metro Rail grants a Rs. 137.86 crore contract to Universal MEP Projects & Engineering Services for Line 5's E&M, fire protection, ventilation, and air-conditioning. The 2.2-year project on the 44.6 km Pink line, from Madhavaram to Sholinganallur

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98 MSMEs to invest Rs 1,583.80 cr in Tamil Nadu
In Thoothukudi, Tamil Nadu, 98 MSMEs are set to invest Rs 1,583.80 crore in various manufacturing units. Notably, one unit aims to produce spare parts for ISRO with a Rs 200 crore investment. Other units will focus on food processing, matches

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Brigade Group to develop 2 lakh sqft grade-A office space in Bengaluru
Brigade Group has inked a joint development agreement for a grade-A office space on Sankey Road, Bengaluru. The project spans around 0.20 million sq ft with an estimated gross development value (GDV) of Rs 500 crore. Additionally, Brigade Hotel

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UP approves Rs 1,600 cr RRTS corridor
The Uttar Pradesh state government has granted approval for a 72-km long Regional Rapid Transit System (RRTS) corridor connecting Ghaziabad's 17-km priority section to the upcoming Jewar International Airport in Greater Noida. The ambitious project

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JCB unveils £100 million hydrogen project in India
In the presence of Shri Nitin Gadkari, JCB's £100 million project for super-efficient hydrogen engines made its Indian debut. The Minister unveiled a JCB backhoe loader powered by a purpose-engineered hydrogen combustion engine, marking its global

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Karnataka approves ₹2,088 cr 62 infra projects
The State Level Single Window Clearance Committee (SLSWCC) in Karnataka has granted approval for 62 projects with a combined investment of ₹2,088.44 crore. Notably, the committee greenlit Qualcomm's pivotal Research and Development (R&D) unit

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