India must pump $55 bn a year into urban infrastructure: WB

16 Nov 2022 CW Team

India will have to invest $840 billion over the next 15 years, or an average of $55 billion per annum, in urban infrastructure to meet the needs of its fast-growing urban populations, according to a World Bank report.

The report, ‘Financing India’s Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action’, also emphasises on the need for the country to leverage more private and commercial investments in order to meet the emerging financial gaps.

By 2036, 40% of the country’s population will be living in urban areas. This will put further pressure on an already stretched infrastructure in terms of drinking water, power supply, and road transport, among others. Currently, only 5 per cent of the infrastructure needs of Indian cities are being financed through private sources. The Central and state governments finance over 75 per cent of city infrastructure, while urban local bodies (ULB) finance 15 per cent through their own revenues.

“Cities in India need large amounts of financing to promote green, smart, inclusive, and sustainable urbanisation. Creating a conducive environment for ULBs, especially large and creditworthy ones, to borrow more from private sources will therefore be critical to ensuring that cities are able to improve living standards of their growing populations in a sustainable manner," Auguste Tano Kouamé, Country Director, World Bank, India, said in a press statement.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..