NIIF Eyes Up to Rs 6.75 Bn Investment for Greenfield Airport in AP

22 Dec 2023 CW Team

The National Investment and Infrastructure Fund (NIIF) is poised to make a significant investment of up to Rs 6.75 billion for the establishment of a Greenfield International Airport in Andhra Pradesh. This strategic initiative underscores NIIF's commitment to advancing infrastructure development and bolstering regional connectivity in the country.

The proposed investment in the Greenfield International Airport aligns with NIIF's broader vision of supporting critical infrastructure projects that contribute to economic growth and development. The airport project is expected to not only enhance regional connectivity but also stimulate economic activity and create employment opportunities in Andhra Pradesh.

The financial commitment from NIIF reflects confidence in the potential of the aviation sector and the strategic importance of well-planned, state-of-the-art airports in fostering economic development. The Greenfield International Airport is envisioned as a key driver for trade, tourism, and overall economic growth in the region.

As India continues to invest in its aviation infrastructure, NIIF's substantial contribution to the Greenfield International Airport project signals a collaborative effort between the public and private sectors to create world-class transportation hubs that meet the evolving needs of a growing economy.

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..