Zaheerabad Node Gets Rs 24 Billion Boost Under HNIC

28 Jul 2025 CW Team

The Zaheerabad Industrial Area (ZIA) is set to be developed as a priority node under the Hyderabad–Nagpur Industrial Corridor (HNIC) at an estimated cost of Rs 23.6 billion.

The Union government has approved its contribution via the National Industrial Corridor Development and Implementation Trust (NICDIT), comprising Rs 5.96 billion in equity and Rs 6.55 billion as debt, according to Union Minister of State for Commerce and Industry, Jitin Prasada. He was responding to a question raised by Member of Parliament Kadiyam Kavya.

Located in the Sangareddy district, the HNIC node spans an activation area of 3,245 acres. A dedicated special purpose vehicle, NICDIT Zaheerabad Industrial Smart City, has been set up for the project, and the tendering process for selecting the Project Management for New Cities (PMNC) has commenced.

Responding to further queries from Dr Kavya regarding the Hyderabad–Nagpur and Hyderabad–Warangal industrial corridors, the Minister stated that in August 2024, the Centre had given approval to the Telangana government’s proposal for the Zaheerabad node under the National Industrial Corridor Development Programme (NICDP).

As for the Hyderabad–Warangal Industrial Corridor (HWIC), Hyderabad Pharma City was initially identified for development. However, due to the State government's failure to confirm the project, the NICDIT Board of Trustees decided on 8 June 2022 to withdraw it.

Mr Prasada also noted that the Centre had granted final approval for two National Investment and Manufacturing Zones (NIMZs) in the region: one in Sangareddy (formerly Medak) on 22 January 2016, and another in Hyderabad Pharma City, Rangareddy district, on 10 December 2019.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..