MPTB to Attract Investments For 28 Land Parcels

31 Jan 2025 CW Team

Aiming to enhance adventure and recreational infrastructure in the state, Madhya Pradesh Tourism Board (MPTB) is contemplating attracting investment from private entities on 28 new land parcels and seven heritage properties in the state, for which the department has commenced the tender issuance process.

The state govt is seeking investment for establishing eco-tourism destinations, resorts, hotels and wellness centres at identified locations to bolster tourism in the state.

Mandsaur, Dhar, Narsinghpur, Chindwara, Bhind, Neemuch, Betul, Narmadapuram, Raisen, Shajapur and Shahdol are amongst the locations where MPTB intends to offer land to investors for creating infrastructure.”In the state, 28 new land parcels and seven heritage properties are prepared for bidding. The objective is to develop infrastructure and augment amenities and services to enhance tourist footfall in the state.

Tourist influx in the state is increasing and development of fresh infrastructure will provide a further impetus to the properties. In MP, we possess ample land parcels spanning across diverse geographies including wildlife, hills and plains, providing numerous options for investors to select from the offered properties,” said Bidisha Mukherjee, the additional managing director of MPTB.

The board has allotted around 79 land parcels to private investors for establishing various tourism projects till date. Of these, nine projects have become operational, 31 are under construction and 39 units are in process.

MPTB is additionally considering developing new wayside amenities amongst Gwalior, Hoshangabad, Rewa, Jabalpur and Rajgarh. Presently, approximately 100 way-side amenity centres have been transferred to private investors for operation, of which more than 75 are operational in the state.

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..