India, UAE Plan Lanka Energy Hub

09 Apr 2025 CW Team

India and the UAE are joining forces to develop a major energy hub in Sri Lanka, aiming to counterbalance China's growing regional influence. The proposed hub will be located in Trincomalee, a strategically important port on Sri Lanka’s eastern coast. The initiative marks a new dimension in Delhi-Abu Dhabi strategic collaboration, extending into regional energy security and infrastructure development.

The project will involve upgrading oil storage, refining capacity, and potentially including renewable energy components. It’s designed to enhance energy access, trade logistics, and economic integration in the Bay of Bengal region, reinforcing India’s presence in the Indo-Pacific.

This trilateral cooperation comes as part of India’s broader push to de-risk Sri Lanka from excessive dependence on Chinese funding under the Belt and Road Initiative. By engaging like-minded partners such as the UAE, India seeks to promote transparent, sustainable development models in its neighborhood.

Officials see this partnership as part of a long-term plan to build resilient supply chains, expand regional connectivity, and establish strategic energy assets. It also signals India’s growing geo-economic assertiveness, leveraging energy diplomacy to shape outcomes in the subcontinent.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..