Great Nicobar project attracts interest from 11 players

04 Jan 2024 CW Team

The Indian government has disclosed that 11 entities have expressed their interest in participating in the developmental project in Great Nicobar. This revelation comes as a significant milestone, showcasing a robust response from potential stakeholders keen on contributing to the infrastructural advancements in the strategically located island.

The Great Nicobar project is a crucial initiative aimed at enhancing connectivity and infrastructure in the region. The 11 players expressing interest signify a diverse array of participants, reflecting the project's appeal to various sectors and industries. The government's disclosure not only underscores the project's attractiveness but also indicates a positive momentum towards realizing the strategic objectives set for Great Nicobar's development.

The expressions of interest come against the backdrop of the government's efforts to promote strategic projects that align with the country's broader economic and developmental goals. Great Nicobar, with its geostrategic importance, is poised to witness transformative changes with the infusion of investments and expertise from the private sector. The active involvement of 11 players sets the stage for collaboration, innovation, and sustainable development, positioning Great Nicobar as a focal point for infrastructural progress in the region.

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..