State Raises Farmer Compensation Amid Infrastructure Push

16 Aug 2023 CW Team

"While striving for inclusivity, satisfying all parties becomes intricate, especially for pivotal ventures like airports," remarked Ajit Pawar. He further revealed the government's intent to offer compensation packages enabling farmers to procure agricultural land elsewhere.

With a pressing need for a new airport in Pune due to its significance as a strategic airfield for the Indian Air Force's impending squadron expansions, former Chief Minister Fadnavis emphasised the challenge of accommodating both military and civilian aviation requirements. "Direct international flights and enhanced civil aviation infrastructure aspirations are stymied due to slot limitations," Fadnavis noted.

Having secured the essential approvals from the Central government for the Purandar Airport project, Fadnavis underscored the urgency of accelerating the land acquisition process. He anticipates a meeting called by Chief Minister Eknath Shinde next week to address this matter. Fadnavis also expects Deputy Chief Minister Ajit Pawar's involvement to expedite proceedings, given his representation of the adjacent Baramati constituency.

Highlighting Pune's allure for IT companies and manufacturers, Fadnavis pointed out the necessity of a new airport to attract investors. "Recent years have witnessed the migration of IT companies from Pune, but now, due to infrastructure challenges, businesses from Bengaluru seek relocation to Pune. Additionally, manufacturers express interest in establishing plants near Pune," Fadnavis explained, underscoring the potential economic boost through an expanded airport.

The government's commitment to offering improved compensation to farmers demonstrates its resolve to balance progress with community interests, fostering a path toward essential infrastructure development.

In a bid to overcome local opposition to land acquisition, the state government is devising a new approach, promising enhanced compensation for affected farmers. Deputy Chief Minister Ajit Pawar disclosed this strategy during the inauguration of the Chandani Chowk flyover, highlighting the imperative to complete crucial projects such as airports expediently.While striving for inclusivity, satisfying all parties becomes intricate, especially for pivotal ventures like airports, remarked Ajit Pawar. He further revealed the government's intent to offer compensation packages enabling farmers to procure agricultural land elsewhere.With a pressing need for a new airport in Pune due to its significance as a strategic airfield for the Indian Air Force's impending squadron expansions, former Chief Minister Fadnavis emphasised the challenge of accommodating both military and civilian aviation requirements. Direct international flights and enhanced civil aviation infrastructure aspirations are stymied due to slot limitations, Fadnavis noted.Having secured the essential approvals from the Central government for the Purandar Airport project, Fadnavis underscored the urgency of accelerating the land acquisition process. He anticipates a meeting called by Chief Minister Eknath Shinde next week to address this matter. Fadnavis also expects Deputy Chief Minister Ajit Pawar's involvement to expedite proceedings, given his representation of the adjacent Baramati constituency.Highlighting Pune's allure for IT companies and manufacturers, Fadnavis pointed out the necessity of a new airport to attract investors. Recent years have witnessed the migration of IT companies from Pune, but now, due to infrastructure challenges, businesses from Bengaluru seek relocation to Pune. Additionally, manufacturers express interest in establishing plants near Pune, Fadnavis explained, underscoring the potential economic boost through an expanded airport.The government's commitment to offering improved compensation to farmers demonstrates its resolve to balance progress with community interests, fostering a path toward essential infrastructure development.

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..

Infrastructure Energy

06 Apr 2026

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..

Real Estate

06 Apr 2026

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..