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 Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..