Andhra Govt to Return 2,180 Acres Acquired for SEZ

25 Oct 2025 CW Team

The Andhra Pradesh Government has announced plans to return 2,180 acres of land acquired nearly two decades ago for a Special Economic Zone (SEZ) project in Rambilli, Visakhapatnam district. The decision follows prolonged inactivity on the project and appeals from farmers for restoration of their land.

According to officials, the land was acquired between 2005 and 2007 through the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for developing the Petroleum, Chemical, and Petrochemical Investment Region (PCPIR). However, with the project failing to take off, the government recently reviewed the status and decided to hand back unutilised portions to their original owners.

A committee headed by the district collector has been constituted to oversee the process, which includes verifying ownership records and assessing compensation adjustments. State authorities stated that this move aligns with the policy to return unused acquired land, ensuring fairness and sustainable utilisation of resources.

The announcement has been welcomed by local farmers, who have long demanded the release of land that remained idle without industrial activity.

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..