Odisha clears Rs 41.8 billion plan to boost aviation sector

29 Oct 2025 CW Team

The Odisha government has approved an investment of Rs 41.8 billion under the Building and Management of Aviation Assets and Network (B-MAAN) scheme to strengthen the state’s aviation ecosystem.

The proposal received cabinet approval on Saturday, with the investment to be made over five years (2025–2030). The scheme will bring all aspects of aviation under a single framework to improve infrastructure, connectivity and industry capacity.

“All aspects of aviation will come under one comprehensive framework. Odisha aims to emerge as the leading aviation hub in eastern India,” said chief secretary Manoj Ahuja.

Under B-MAAN, the focus will be on developing infrastructure, including the upgradation and maintenance of airports and heliports across the state. Private airlines will receive support under the Air Connectivity and Viability Gap Funding scheme to promote regional air services.

“The state will establish world-class maintenance, repair and overhaul (MRO) facilities at Biju Patnaik International Airport and other key locations. Steps will be taken to create a self-reliant aviation ecosystem and attract private investment,” Ahuja added.

The scheme also envisions large-scale employment generation through flight training and aviation-focused skill development. The Directorate of Aviation will be restructured to function as a professional agency for policy planning, coordination and project execution.

The government also plans to engage private players in promoting futuristic technologies such as drones, seaplanes, e-VTOL aircraft and aerospace manufacturing, positioning Odisha as a leader in new-age aviation and green mobility.

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..