Decline Forecasted in MORTH Road Awards by 40-43% for FY24, Reveals ICRA

22 Dec 2023 CW Team

The Ministry of Road Transport and Highways (MORTH) is set to experience a significant decrease in road awards during the fiscal year 2023-24, according to a recent report by ICRA. The study anticipates a substantial 40-43% decline in awards compared to the previous year. This downturn is attributed to various factors, including economic challenges, policy shifts, and the ongoing dynamics within the logistics sector. The decreased awards pose implications for infrastructure development, impacting not only the construction industry but also the overall economic growth. Key factors influencing this decline include the economic climate, changes in government policies, and the evolving landscape of the logistics industry. Economic uncertainties have led to a more cautious approach in awarding road projects, with authorities taking measured steps in response to the broader economic scenario. The decline, as predicted by ICRA, underscores the need for adaptive strategies within the infrastructure and construction sectors. Stakeholders may need to recalibrate their plans in response to the changing dynamics and align themselves with emerging trends in road development. As the situation unfolds, industry players must closely monitor developments, staying attuned to policy changes and economic indicators that may impact the trajectory of road awards. Navigating this challenging landscape requires a combination of resilience, strategic planning, and a proactive stance to adapt to the evolving scenario.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..