ITD Cementation India, a construction major in India, recently announced through its BSE filing that the company bagged five contracts estimated to be worth over Rs 34 billion, for major infrastructure projects in the country.
The year gone by showed resilience and helped bring back some of the mojo that had faced the onslaught of the demonetisation and GST interventions. Large projects were cleared and several initiatives like RERA and PMAY helped new projects accelerate.
A a part of the Rs 250 bn infrastructure project, the Indian Government is planning to construct 19 strategic roads and 29 permanent integrated buildings along the Indo-China border in Arunanchal Pradesh and Sikkim.
The Airports Authority of India (AAI) has reportedly allocated around Rs 3,400 crore for the upgradation of airports in the North East region. As per reports, the national airport authority has allocated funds worth Rs 1,720 crore for Assam, Rs 525 crore for Tripura, Rs 800 crore for Manipur, Rs 42 crore for Nagaland, Rs 211 crore for Arunachal Pradesh and Rs 60 crore for Mizoram.
The first airport of Sikkim is expected to be operational from December 2016, which will provide direct connectivity to the land-locked state and also help boost tourism. The airport will come up at Pakyong, which is 35 km from Gangtok.
The government has allocated Rs 76 crore since 2013 for the development of a boundary wall of a greenfield airport at Pakyong in Sikkim.This apart, the civil aviation ministry has also undertaken the construction of three hangars for A-321 aircraft at the Guwahati airport in Assam.