By 2024 Gadkari to invest Rs 2 trillion on road infra in Jharkhand

27 Mar 2023 CW Team

Union Minister Nitin Gadkari declared that Jharkhand's infrastructure will be improved with Rs 2 trillion boost for highway network in the state of Jharkhand by 2024. According to the Road Transport and Highways Minister, Jharkhand will join the group of developed states when it comes to infrastructure, and a network of highways, including those that fall under Bharatmala and economic corridors, would be finished.

Speaking at a rally in Ranchi, the state capital, Gadkari remarked, “The projects what you are seeing at present is just a trailer. I promise I will deliver Rs 2 lakh crore road infrastructure projects in Jharkhand.” According to the Union minister, Jharkhand has many resources, including coal and iron, and improved infrastructure in the state might spur the growth of the nation.

According to Gadkari, the goal is to lower logistic costs, which are substantially higher in India at 16% compared to countries like China and the US, where they are roughly 8% and 12% respectively. The road network will support local industry and generate a tonne of employment, he added. By 2024, India's logistics costs are to be reduced to 9%, according to the Road Transport and Highways Minister.

He asked the Jharkhand administration to submit plans for road network, lamenting the fact that the state had not received any while as many as 260 bids from other states had been received. The minister emphasised the need for green fuel and invited farmers in Jharkhand to participate in the manufacturing of ethanol from rice straw, stubble, and other byproducts.

In addition to the Rs 50 billion ring road over 114 kilometres, Gadkari said he was pleased to announce the nation's first double decker bridge in Ranchi and Jamshedpur. On the in-depth project reports for these, work has already begun.

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..

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..

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..