UP cabinet creates grants for new townships in 7 cities

03 Aug 2023 CW Team

On Tuesday, the state cabinet established a fund of $10 billion for developing townships in seven important cities in Uttar Pradesh.

The housing department will give funding to development authorities so they can pool the land that will be needed to plan townships.

The local housing development authorities will support the state government's plan to establish townships, which will offer families living in the city's metropolitan districts reputable and high-quality housing options.

On Tuesday, Nitin Ramesh Gokarn, the additional chief secretary for the housing department, said that the funds would be utilized to build townships in Agra, Aligarh, Bulandshahr, Bareli, Gorakhpur, Jhansi, and Chitrakoot.

The agency will allocate a total of $10 billion to give the seven communities the initial push they need to buy land. The cost of purchasing the land will be split equally between the state and the development agencies, with the state paying half of the cost. A nominal interest rate will be imposed on the seed money, which must be returned to the government after 20 years.

Infrastructure Energy

17 Mar 2026

Indian Urea Producers Shut Plants As Iran War Cuts Qatari LNG Supplies

Indian urea producers have shut several plants after the war involving Iran led to cuts in Qatari supplies of liquefied natural gas (LNG), industry participants said. The reduction in LNG shipments has constrained feedstock availability and raised operational pressures at ammonia and urea units across the country, complicating production scheduling and maintenance plans. Producers have scaled back output in response to fuel shortages and logistical challenges affecting domestic fertiliser production and have implemented staggered shutdowns to manage inventories. The disruptions have heightened..

Adani Plans Rs 600 bn Investment In Schools And Hospitals

Adani Group plans a Rs 600 billion (Rs 600 bn) social investment to construct 300 schools and 30 hospitals across India, aimed at expanding educational and healthcare infrastructure nationwide. The initiative is presented as a long term commitment to strengthen community services and address gaps in access to quality education and primary healthcare. The group highlighted investment in both physical infrastructure and associated services to ensure schools and hospitals are functional from opening. The programme will focus on building resilient facilities that meet prevailing regulatory standar..

PM Launches Development Projects Worth Rs 235.5 Billion (bn) From Silchar

The Prime Minister launched development projects worth Rs 235.5 billion (bn) from Silchar in Assam and performed the bhumi pujan for three projects in the Barak Valley. The schemes comprise the Silchar High-Speed Corridor at an estimated cost of Rs 228.6 bn, the Silchar Town Flyover at about Rs 5.65 bn and the Patharkandi College of Agriculture at about Rs 1.22 bn. The announcement was made at a public ceremony in Cachar district. He said that southern Assam's Barak Valley is emerging as a strategic link to Southeast Asia and that the North East is taking a lead in the government's Act East po..