Mangaluru Construction Sector Hit by Sand Crisis

28 Oct 2023 CW Team

The construction sector in Mangaluru, a major city in Karnataka, is facing a serious crisis due to a shortage of sand. The scarcity of sand is having a severe impact on various construction projects in the region, leading to delays and increased costs.

One of the primary reasons behind the sand crisis is the unavailability of river sand, which is the preferred choice for construction purposes. This scarcity has resulted in an increase in the price of sand, making it unaffordable for many builders and individuals. Additionally, the government's crackdown on illegal sand mining has further worsened the situation.

The construction industry is a significant contributor to the local economy, providing employment opportunities and driving economic growth. However, the current sand crisis has led to a slowdown in construction activities, negatively affecting the livelihoods of thousands of workers and businesses in the sector.

Builders and contractors are now exploring alternative options such as using manufactured sand or M-sand, which is produced by crushing rocks. While M-sand is readily available, it is not a perfect substitute for river sand and comes with its own set of challenges.

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..