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.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..