Cabinet Approves New Sports Policy, Rs 1 Trillion R&D Fund

04 Jul 2025 CW Team

The Union Cabinet, chaired by Prime Minister Narendra Modi, has cleared a new National Sports Policy that replaces the 2001 framework. Designed as a strategic roadmap, the policy seeks to transform India into a global sporting power and a serious medal contender at the 2036 Olympic Games.

Youth Affairs and Sports Minister Mansukh Mandviya hailed the measure as a “landmark” step that will nurture a sports culture at the grassroots, expand infrastructure, and strengthen athlete development.

Beyond sport, the Cabinet approved several initiatives aimed at research and job creation. Chief among them is a Rs 1 trillion fund to support research, development, and innovation in sunrise sectors, accelerating technological progress and manufacturing strength.

An Employment Linked Incentive Scheme was also endorsed. Union Minister Ashwini Vaishnaw explained that the scheme focuses on manufacturing, with separate provisions to encourage both first time employers and sustained job creation.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..