New Projects in April-June Plummet Over 90%: Data

05 Jul 2024 CW Team

Data released indicates a staggering decline of over 90% in the initiation of new projects during the April-June quarter, marking the lowest levels recorded. This drastic downturn underscores the severe impact of economic uncertainties and challenges faced across various sectors.

The sharp decline in new project commencements reflects widespread caution and economic slowdown amid ongoing global and domestic uncertainties. Industries ranging from infrastructure to manufacturing have significantly scaled back on new investments, citing uncertain market conditions and financial constraints.

Several key sectors, including real estate, infrastructure, and manufacturing, have witnessed a notable reduction in new project launches during this period. This downturn has been exacerbated by factors such as supply chain disruptions, labour shortages, and fluctuating demand dynamics.

The data underscores the need for concerted efforts by policymakers and businesses to revive investment sentiment and stimulate economic growth. Initiatives aimed at bolstering investor confidence, streamlining regulatory processes, and enhancing infrastructure development could play a crucial role in fostering recovery.

Analysts anticipate that the trajectory of new project initiations will heavily influence the economic outlook in the coming quarters. Restoring momentum in project investments will be essential to rejuvenate employment opportunities, spur industrial activity, and bolster overall economic resilience.

As economic conditions gradually stabilise, concerted efforts towards incentivizing investments and bolstering business confidence will be pivotal in navigating towards sustainable growth and recovery. The sharp decline in new project launches highlights the urgency for strategic interventions to reignite economic momentum across key sectors.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..