Centre approves 50 National Highway projects for Manipur

23 Oct 2024 CW Team

The Ministry of Road Transport and Highways has approved 50 National Highway projects in Manipur, covering a total length of 1,026 kilometers. Of these, 44 projects—spanning 902 kilometers—are dedicated to the state’s hilly areas, reflecting the government’s commitment to improving infrastructure in difficult terrains.

As part of the initiative, eight projects to totalling 125 kilometers have already been completed in the hills. Currently, 36 more projects are underway, with a budget of Rs 120 billion allocated for the remaining 777 kilometers. These efforts aim to enhance connectivity, boost economic growth, and improve living standards in the region.

For the 2024-25 Annual Plan, the Ministry has also approved two additional highway projects worth Rs 13.5 billion, targeting 90 kilometers in hilly regions, reinforcing its focus on sustainable infrastructure development.

Alongside the highway projects, the Ministry is prioritizing improvements to state roads through the Central Road and Infrastructure Fund (CRIF). Out of 111 proposed works, 57 have been approved based on priority, highlighting the Ministry's responsiveness to state-level infrastructure needs.

The Balance of Supply (BoS) ratio for approved projects has risen to 9.81, exceeding the permissible limit of 4 for hilly states. This adjustment demonstrates the Ministry’s commitment to balancing development and regulatory compliance, ensuring sustainable infrastructure growth.

These initiatives underline the Ministry’s proactive approach to enhancing Manipur’s road network, particularly in remote and challenging regions, fostering economic opportunities and better connectivity for residents.

(Financial Express)

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..