Great Nicobar island projects worth Rs 750 billion green lighted
AVIATION & AIRPORTS

Great Nicobar island projects worth Rs 750 billion green lighted

The controversial 16,610 ha project on Great Nicobar island has been approved by a panel of the environment ministry. The Rs 750 billion project will reportedly include the construction of a greenfield international airport, an international container terminal, a township, and a power plant. In recent years, the Indian Ocean has become a strategic hotspot. As the strategic value of this IOR grows, a critical mass of development in the Andaman and Nicobar Islands is required to strengthen India's regional presence. In 1989, the island was designated a biosphere reserve, and in 2013, it was added to UNESCO's man and biosphere programme. The projects will necessitate the removal of over 850,000 trees as well as the destruction of 12-20 ha of mangrove forests. This will lead to a considerable loss to corals and will claim over 298 ha of the sea bed.

Also read:
Hyderabad Airport to be revamped by 2023
Thiruvananthapuram airport expansion likely to take off soon

The controversial 16,610 ha project on Great Nicobar island has been approved by a panel of the environment ministry. The Rs 750 billion project will reportedly include the construction of a greenfield international airport, an international container terminal, a township, and a power plant. In recent years, the Indian Ocean has become a strategic hotspot. As the strategic value of this IOR grows, a critical mass of development in the Andaman and Nicobar Islands is required to strengthen India's regional presence. In 1989, the island was designated a biosphere reserve, and in 2013, it was added to UNESCO's man and biosphere programme. The projects will necessitate the removal of over 850,000 trees as well as the destruction of 12-20 ha of mangrove forests. This will lead to a considerable loss to corals and will claim over 298 ha of the sea bed. Also read: Hyderabad Airport to be revamped by 2023 Thiruvananthapuram airport expansion likely to take off soon

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?