A new airport terminal to be developed at the Vizag airport

21 Mar 2023 CW Team

According to Visakhapatnam airport director Srinivasa Rao, proposals for a new airport terminal building the size of the old one at the city airport have been submitted to the Airports Authority of India for Rs 2.4 billion.

He told the Airport Advisory Committee, which was chaired by Visakhapatnam MP MVV Satyanarayana, that the proposal needed to be approved in the next five-year plan, and that four additional parking bays were also planned.

Furthermore, according to meeting participant O. Naresh Kumar, air cargo operations for outgoing cargo have been completely halted for the past three months due to a lack of personnel and pending approvals .“No air cargo is now moved out of Vizag while earlier 150 tonnes including emergency cargo like blood samples were moved. Only limited shrimp was allowed at the request of the Chief Minister for three months,” he said and appealed to the MP to take up the issue with the Ministry.

Members also noted that, while Visakhapatnam was ranked ninth in terms of GDP contribution, the airport was only ranked nineteenth, and they requested that the Air Port Director take steps to improve conditions so that it could be ranked in the top ten.

Satyanarayana was dissatisfied with the quality of the flooring and roofing and suggested that a consultant be hired to beautify the new building.

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..

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..

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..