An Optimistic outlook for the construction equipment sector in 2022

Maharashtra Clears Rs 1.35 Trillion Plan For 17 Mega Projects

A Cabinet sub committee chaired by Chief Minister Devendra Fadnavis has approved seventeen large, mega and ultra mega projects worth Rs 1.35 trillion in Maharashtra’s thrust and high technology sectors. The schemes span semiconductors, silicon wafers, solar modules, electric vehicle components, lithium ion batteries, aerospace and defence equipment, textiles, green steel and gas to chemicals production.Incentives include capital subsidies, reduced power tariffs, interest support, industrial promotion assistance, land ownership refunds and Employee Provident Fund rebates. The list of ..

DP World To Invest $2.5 Billion In Global Ports In 2025

DP World has unveiled a $2.5 billion investment plan for 2025 to accelerate the expansion of its global logistics network amid rising demand for integrated and resilient supply chain solutions. The capital will fund four major infrastructure projects across India, Africa, South America, and Europe, reinforcing DP World’s role as a global trade facilitator.Chairman and Group CEO Sultan Ahmed bin Sulayem stated the bold investment signals long-term confidence in the fundamentals of international trade. “This commitment reflects our belief in building the infrastructure needed to keep the wor..

Naidu Pushes Andhra Airports To Power Logistics Expansion

Union Civil Aviation Minister K. Rammohan Naidu has pledged rapid airport development across Andhra Pradesh to support Chief Minister N. Chandrababu Naidu’s vision of turning the state into a logistics hub. Virtually launching the Kurnool–Vijayawada air link from Delhi, he said the new service will greatly benefit residents of the undivided Kurnool and Anantapur districts. The minister noted that flight capacity within the state has risen by about 15 per cent this year, with extra services at Visakhapatnam, Rajahmundry, Vijayawada, Tirupati, Kurnool and Kadapa. Plans are unde..