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.

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..

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..

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..