FY24 procurement target through GeM likely to set trillion

India, Maldives Sign 13 MoUs for Ferry Projects

India has signed 13 Memoranda of Understanding (MoUs) with the Maldives under a grant of MVR 100 million (approximately Rs 552.8 million) to enhance ferry services and strengthen maritime connectivity in the island nation.The agreements, signed on 18 May 2025 at the Maldivian Ministry of Foreign Affairs, mark the launch of Phase III of the High Impact Community Development Project (HICDP) — a flagship initiative of India’s grant assistance programme aimed at uplifting community infrastructure and livelihoods.The MoUs were formalised by Abdulla Khaleel, Minister of Foreign Affairs of the Ma..

Centre To Invest Rs 10 Bn More in Northeast Waterways

The central government will invest an additional Rs 10 billion in inland waterways projects in Assam and the Northeast in 2026, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal announced on Monday.During a review meeting with senior officials from the ministry, the Inland Waterways Authority of India (IWAI), the Public Works Department (PWD), Cochin Shipyard Limited (CSL), and the Indian Port Rail and Ropeway Corporation Limited (IPRCL), the minister assessed the progress of ongoing projects across the region.Sonowal noted that over the past two years, the government has und..

Centre Clears 6-Lane Upgrade for Hyderabad Ring Road

The Central government has approved a major revision to the Hyderabad Regional Ring Road (RRR) project, upgrading the proposed northern segment from a four-lane to a six-lane expressway. The decision follows a request from the Telangana state government, citing anticipated traffic growth and future congestion risks.Initially tendered in December 2024 as a four-lane access-controlled greenfield expressway, the 161.5 km northern segment—from Sangareddy to Choutuppal—was estimated to cost Rs 55.5 billion. Following the Centre’s in-principle nod for a six-lane design, the National Highways A..