Haryana State Board Approves Rs.15 Bn for Infrastructure

02 Feb 2024 CW Team

In a significant move, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has obtained approval to borrow ?15 billion for financing a range of infrastructure initiatives. The sanctioned funds are earmarked for diverse projects, including industrial infrastructure, technology parks, and land development at various locations.

This decision underscores HSIIDC's commitment to advancing the state's infrastructure landscape, aligning with the broader goal of fostering economic growth and industrial development. The approved borrowing signifies a strategic financial move to facilitate key projects that contribute to Haryana's overall progress.

The allocation of funds for industrial infrastructure and technology parks indicates a focus on creating a conducive environment for business and technological advancements. Additionally, the emphasis on land development across various locations suggests a comprehensive approach to address infrastructure needs in different parts of the state.

As Haryana aims to position itself as a hub for industrial and economic activities, the approval for borrowing substantial funds reflects a proactive stance in mobilizing resources for crucial development projects. The utilisation of the sanctioned amount is anticipated to play a pivotal role in shaping the infrastructure landscape, contributing to the state's economic resilience and long-term sustainability.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..