Budget 2024 Maintains Status Quo

02 Feb 2024 CW Team

The recently unveiled Budget 2024 has cast its financial gaze on the infrastructure sector, notably revealing a steady allocation for the crucial Ministry of Road Transport and Highways. The figures, unveiled by the Finance Ministry, indicate a continuation of funding levels for vital road projects across the nation.

Despite expectations of increased funding to accelerate the pace of road development, the decision to keep allocations flat has sparked discussions among policymakers and industry experts. The National Highways Authority of India (NHAI), a key player in executing road projects, will navigate the upcoming fiscal year with a budget mirroring the previous financial period.

While stability in funding provides a sense of predictability for ongoing projects, some voices within the industry express concerns about the potential impact on the ambitious targets set for infrastructure expansion. The government's rationale behind maintaining the status quo in the allocation raises questions about its strategy to address the growing demands of an evolving transportation landscape.

This decision comes at a juncture when the nation grapples with the need for robust and well-connected road networks to support economic growth. The implications of this budgetary choice extend beyond the balance sheets, affecting the pace of infrastructural development that plays a pivotal role in shaping India's future.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..