Gadkari Unveils ?200 Million Paradip Airport

15 May 2024 CW Team

India's infrastructure landscape receives a significant boost with the announcement of a ?200 million investment in the development of Paradip Airport. Spearheaded by Nitin Gadkari, Minister for Road Transport and Highways, the project aims to transform Paradip into a key aviation hub, catering to the burgeoning demand for air travel and bolstering economic activities in the region.

Paradip, situated in the eastern state of Odisha, holds immense potential for growth and development. The planned airport upgrade aligns with the government's broader vision of enhancing connectivity and unlocking the region's economic potential. This strategic move is poised to attract investments, facilitate trade, and create employment opportunities, thereby fostering holistic socio-economic development.

The infusion of ?200 million into Paradip Airport signifies a crucial step towards bridging infrastructural gaps and bolstering regional connectivity. The project encompasses modernization initiatives aimed at enhancing passenger experience, augmenting cargo handling capabilities, and integrating state-of-the-art facilities to ensure operational efficiency.

Key components of the Paradip Airport revamp include runway expansion, terminal upgrades, installation of advanced navigation systems, and the development of ancillary infrastructure. These enhancements are poised to elevate Paradip Airport to international standards, catering to both domestic and international air traffic and positioning it as a pivotal gateway for trade and tourism.

The Paradip Airport development project underscores the government's unwavering commitment to fostering infrastructural growth and advancing the aviation sector. By leveraging strategic investments and harnessing cutting-edge technologies, India aims to bolster its infrastructure backbone, driving sustainable economic progress and elevating its global standing.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..