India emerges as a key infra player in Central Asia
ECONOMY & POLICY

India emerges as a key infra player in Central Asia

India has emerged as an important juggernaut in infrastructure projects in Central Asia. While consolidating its geopolitical influence in the region and around the world, the country, unlike China, has demonstrated its acumen in infrastructure and technology, as well as a genuine commitment to positively supporting overall growth and development.

India's Dushanbe-Chortut highway project in Tajikistan is a testimony to the fact. A $20 million gift from the Indian President. Built by India's Border Roads Organization (BRO) the projects consist of a 4.44km eight-lane (two-way) expressway that will ease congestion in the national capital of Tajikistan. As of December 12, 2022, the project has reached 90.57% physical progress.

Likewise in Uzbekistan, a $448 million Line of Credit (LoC) backed by the Indian government is helping the Republic Scientific Specialized Allergy Center. India offers similar LoCs to other Central Asian countries including Kazakhstan and Turkmenistan. New Delhi is also firmly committed to improving the connectivity of the hinterland with the outside world through Iran's Chabahar Port and integrating it into the framework of the International North-South Transport Corridor (INSTC).

Different from China's controversial "One Belt, One Road" initiative, India has always adhered to the position of respecting national sovereignty and territorial integrity on interconnection projects, a position that has been recognized by Central Asian countries.

"Participants agreed that connectivity initiatives should be based on the principles of transparency, broad participation, local priority, fiscal sustainability, and respect for the sovereignty and territorial integrity of all countries," read a joint communiqué issued after the first meeting between India and Central Asia. Earlier in December 2022, the NSA/Security Council Secretary, chaired by National Security Advisor (NSA) Ajit Doval, released in New Delhi.

India has emerged as an important juggernaut in infrastructure projects in Central Asia. While consolidating its geopolitical influence in the region and around the world, the country, unlike China, has demonstrated its acumen in infrastructure and technology, as well as a genuine commitment to positively supporting overall growth and development. India's Dushanbe-Chortut highway project in Tajikistan is a testimony to the fact. A $20 million gift from the Indian President. Built by India's Border Roads Organization (BRO) the projects consist of a 4.44km eight-lane (two-way) expressway that will ease congestion in the national capital of Tajikistan. As of December 12, 2022, the project has reached 90.57% physical progress. Likewise in Uzbekistan, a $448 million Line of Credit (LoC) backed by the Indian government is helping the Republic Scientific Specialized Allergy Center. India offers similar LoCs to other Central Asian countries including Kazakhstan and Turkmenistan. New Delhi is also firmly committed to improving the connectivity of the hinterland with the outside world through Iran's Chabahar Port and integrating it into the framework of the International North-South Transport Corridor (INSTC). Different from China's controversial One Belt, One Road initiative, India has always adhered to the position of respecting national sovereignty and territorial integrity on interconnection projects, a position that has been recognized by Central Asian countries. Participants agreed that connectivity initiatives should be based on the principles of transparency, broad participation, local priority, fiscal sustainability, and respect for the sovereignty and territorial integrity of all countries, read a joint communiqué issued after the first meeting between India and Central Asia. Earlier in December 2022, the NSA/Security Council Secretary, chaired by National Security Advisor (NSA) Ajit Doval, released in New Delhi.

Next Story
Real Estate

Smartworld Awards Rs 5.32 Billion Contract to Varindera Constructions

Smartworld, one of the fastest growing real estate players in Gurugram, has committed contracts worth approximately Rs 14 billion for its various projects in just six months.For its upcoming iconic project, Smartworld Sky Arc, the company has awarded the construction mandate to Varindera Constructions Limited for Rs 5.32 billion. The project spans 6.9 acre and includes over 900 units in its first phase. Smartworld's total investment in the development of Sky Arc is approximately Rs 17 billion.The company was in the news recently when they awarded Ahluwalia Contracts (India), the mandate for Sm..

Next Story
Infrastructure Urban

Mitsubishi Electric eyes CAPEX investment in India’s CNC market

Mitsubishi Electric is looking to invest in CAPEX in India. Masaya Takeda, General Manager of CNC Systems, noted that the division has tripled its business growth since 2019 and has subsequently made strong investments in India. However, he denied disclosing any details of investment.The machine tools industry in India is growing at an annual rate of 20 per cent, with the CNC market expanding significantly, particularly post-Covid.While automotive manufacturing remains a key growth driver, Takeda expects a steady increase in demand across industries such as general engineering, automotive, and..

Next Story
Real Estate

Essentia Home Opens Second Delhi Store

After the overwhelming success of its flagship store in Gurugram, Essentia Home is set to make a striking debut in New Delhi. Founders Hardesh and Monica Chawla, the creative visionaries behind Essentia Environments, proudly unveil their second store on MG Road in the Delhi Design District. A seamless extension of their 25-year journey in redefining luxury interiors, this new space offers a curated experience of contemporary living infused with a global sensibility – all crafted in India.Spearheading this new chapter is Hridik Chawla, who leads the Essentia Home Experience Center with a comm..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?