Biz Infra to get a Budget Boost

18 Jun 2022 CW Team

The state government has planned a dedicated cluster for sector-specific industries, industrial estates, and land banks to augment growth. Finance minister Niranjan Pujari might make an adequate allocation for the same in the 2022-23 annual budget which will be presented in the assembly on July 2.

The state cabinet approved a new land bank policy of Rs 856 crore. Under this policy, the government made financial provisions in favor of state-owned Idco to acquire private as well as government land and bring the land under its provision.

It has come out with a land bank policy as land acquisition for large industries became a major headache for the state government. The policy will help provide land to the industrial houses in a convenient manner.

The state government will make budgetary provisions for the policy so that the Odisha Industrial Infrastructure Development Corporation (Idco) can implement the scheme and boost industrial development.

Financial assistance of Rs 428 crore is sanctioned in favour of Idco to develop a mega aluminium park which includes land acquisition costs in Angul district. Financial provision is expected to be made in the annual budget.

With this, the state government is aiming to draw investment in the aluminium downstream along with ancillary sectors, having the scope to create numerous employment opportunities.

Image Source

Also read: Silvassa Smart City: NEC Corporation India to implement ICCC project

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..