PM Modi Launches Rs 500 Billion Projects Across Key Sectors
ECONOMY & POLICY

PM Modi Launches Rs 500 Billion Projects Across Key Sectors

Prime Minister Narendra Modi on Saturday inaugurated and laid the foundation stone for development projects worth more than Rs 500 billion across sectors including telecommunications, railways, higher education, healthcare, skill development and rural housing.
He announced Rs 110 billion expansion projects across eight IITs—Tirupati, Palakkad, Bhilai, Jammu, Dharwad, Jodhpur, Patna and Indore—adding 12,000 seats over the next four years. A rail flyover between Sambalpur City and Sarala will also be built at a cost of Rs 2.7 billion, alongside a semiconductor and electronic system design and manufacturing (ESDM) park in collaboration with IIT-Bhubaneswar.
Modi launched the MERITE (Multidisciplinary Education and Research Improvement in Technical Education) scheme to enhance quality, equity and research in 275 state engineering and polytechnic institutes. He also unveiled Odisha Skill Development Project Phase-II, with Rs 19.8 billion to establish world skill centres in Sambalpur and Berhampur, covering sectors such as agritech, renewable energy, retail, marine and hospitality.
Five ITIs will be upgraded into ‘Utkarsh ITIs’, 25 into Centres of Excellence, and a new Precision Engineering Building will provide advanced training. To improve digital education, Wi-Fi facilities costing Rs 900 million were rolled out across 130 higher education institutions, benefiting over 250,000 students.
In healthcare, the PM unveiled plans to upgrade MKCG Medical College in Berhampur and VIMSAR in Sambalpur into world-class super-speciality hospitals at a cost of Rs 30 billion, adding trauma care units, maternal and child health services, dental colleges, and expanded academic infrastructure.
On railways, Modi flagged off the Amrit Bharat Express between Berhampur and Udhna (Surat), while dedicating the doubling of the 34-km Koraput–Baiguda line and the 82-km Manabar–Koraput–Gorapur section, together built at Rs 14 billion.
In telecom, he commissioned 97,500 4G towers using BSNL’s indigenous technology, completed at a cost of Rs 370 billion. For rural housing, 50,000 beneficiaries received sanction orders under the Antyodaya Gruha Yojana, which provides pucca homes and financial aid to vulnerable families including widows, persons with disabilities, terminally ill patients and disaster victims.
This was Modi’s sixth visit to Odisha since the BJP assumed power in the state in June 2024.

Prime Minister Narendra Modi on Saturday inaugurated and laid the foundation stone for development projects worth more than Rs 500 billion across sectors including telecommunications, railways, higher education, healthcare, skill development and rural housing.He announced Rs 110 billion expansion projects across eight IITs—Tirupati, Palakkad, Bhilai, Jammu, Dharwad, Jodhpur, Patna and Indore—adding 12,000 seats over the next four years. A rail flyover between Sambalpur City and Sarala will also be built at a cost of Rs 2.7 billion, alongside a semiconductor and electronic system design and manufacturing (ESDM) park in collaboration with IIT-Bhubaneswar.Modi launched the MERITE (Multidisciplinary Education and Research Improvement in Technical Education) scheme to enhance quality, equity and research in 275 state engineering and polytechnic institutes. He also unveiled Odisha Skill Development Project Phase-II, with Rs 19.8 billion to establish world skill centres in Sambalpur and Berhampur, covering sectors such as agritech, renewable energy, retail, marine and hospitality.Five ITIs will be upgraded into ‘Utkarsh ITIs’, 25 into Centres of Excellence, and a new Precision Engineering Building will provide advanced training. To improve digital education, Wi-Fi facilities costing Rs 900 million were rolled out across 130 higher education institutions, benefiting over 250,000 students.In healthcare, the PM unveiled plans to upgrade MKCG Medical College in Berhampur and VIMSAR in Sambalpur into world-class super-speciality hospitals at a cost of Rs 30 billion, adding trauma care units, maternal and child health services, dental colleges, and expanded academic infrastructure.On railways, Modi flagged off the Amrit Bharat Express between Berhampur and Udhna (Surat), while dedicating the doubling of the 34-km Koraput–Baiguda line and the 82-km Manabar–Koraput–Gorapur section, together built at Rs 14 billion.In telecom, he commissioned 97,500 4G towers using BSNL’s indigenous technology, completed at a cost of Rs 370 billion. For rural housing, 50,000 beneficiaries received sanction orders under the Antyodaya Gruha Yojana, which provides pucca homes and financial aid to vulnerable families including widows, persons with disabilities, terminally ill patients and disaster victims.This was Modi’s sixth visit to Odisha since the BJP assumed power in the state in June 2024.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement