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.

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Next Story
Real Estate

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement