Projects worth Rs 750 billion green flagged on Great Nicobar island

19 Sep 2022 CW Team

A panel of the environment ministry approved the contentious 16,610-hectare project on Great Nicobar island. According to a report, the Rs 750 billion project will comprise the development of a greenfield international airport, an international container terminal, a township, and a power plant.

"The Indian Ocean Region in general and the Indian Ocean, in particular, has turned into a strategic hotspot in recent years. In response to the increasing strategic value of this IOR, a critical mass of development in the Andaman and Nicobar Islands is necessary for strengthening India's regional presence", the report said.

In 1989, the island was designated as a biosphere reserve, and in 2013, it was included in UNESCO's man and biosphere project. According to the assessment, the projects will necessitate the removal of about 850,000 trees and the destruction of 12-20 hectares of mangrove forests. This will result in significant coral destruction and will claim approximately 298 hectares of seabed.

Also Read
Bengal CM inaugurates infra projects worth Rs 1K cr
Gadkari launches highway projects worth Rs 11.28 bn in MP

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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..

Real Estate

07 Jul 2026

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..

Infrastructure Urban

07 Jul 2026

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..