The Govt to provide much-required support to the construction sector
ECONOMY & POLICY

The Govt to provide much-required support to the construction sector

Infrastructure is a key driver for the economy, responsible for the overall development and growth of the Indian construction industry. It broadly consists of two major segments: real estate and urban development. While the real-estate segment includes residential buildings, commercial and retail spaces, hotels and so on, the urban development segment pertains to infrastructure development of water supply, transportation, educational complexes, solid waste management, etc. As per a global survey, the construction industry in India is expected to grow steadily and the growth momentum is expected to continue to rise, thereby recording a compound annual growth rate (CAGR) of 11.7 per cent during 2021-2025. The survey further envisaged an output of $ 842,535.2 million by 2025.

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Infrastructure is a key driver for the economy, responsible for the overall development and growth of the Indian construction industry. It broadly consists of two major segments: real estate and urban development. While the real-estate segment includes residential buildings, commercial and retail spaces, hotels and so on, the urban development segment pertains to infrastructure development of water supply, transportation, educational complexes, solid waste management, etc. As per a global survey, the construction industry in India is expected to grow steadily and the growth momentum is expected to continue to rise, thereby recording a compound annual growth rate (CAGR) of 11.7 per cent during 2021-2025. The survey further envisaged an output of $ 842,535.2 million by 2025.Click here to read more…

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Infrastructure Urban

Patel Engineering Secures Two Projects Worth Rs 20.37 Billion

Patel Engineering Ltd has secured two important infrastructure projects valued at Rs 20.37 billion. The company received an order from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) for dam construction and associated works in Maharashtra. The project will be executed over a period of 42 months. Another project, awarded by the North Eastern Electric Power Corporation Ltd (NEEPCO), involves the development of a 240 MW hydropower project in Arunachal Pradesh. The project scope includes civil construction, testing, commissioning, and installation of hydro-mechanical e..

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Infrastructure Urban

M B Patil Seeks Centre’s Support For Karnataka’s Industrial Growth

Karnataka’s Minister for Large and Medium Industries M B Patil has urged the central government to support the state in strengthening freight corridors and logistic infrastructure. He was speaking at a round table on ‘Focussing on the Steel Sector in the State of Karnataka’ during the 6th edition of India Steel-25, an International Conference-cum-Exhibition organised by the Ministry of Steel. Patil highlighted Karnataka’s contribution of 15 per cent to India’s steel production and the efforts by the state government to promote cluster-based development, integrated industrial corrido..

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Infrastructure Energy

EdgePoint Towers Launches First Solar Hybrid Telecommunications Site

EdgePoint Towers Sdn Bhd, part of EdgePoint Infrastructure, has launched its first solar hybrid site in Malaysia, advancing renewable energy integration in the telecommunications sector. The deployment marks a major step towards sustainable energy solutions, providing up to 100 per cent of the energy required to operate telecommunications equipment. The site, with a 5.9-kilowatt peak (kWp) capacity, operates autonomously using photovoltaic energy supported by battery storage. This hybrid system significantly reduces dependence on diesel fuel, aiming to cut annual carbon emissions by around 78..

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