Gadkari sanctions Rs 11.70 billion for Ladakh Road Development

29 Dec 2023 CW Team

In a significant boost to the infrastructure landscape in Ladakh, Union Minister Nitin Gadkari has approved an outlay of Rs 11.70 billion for the development of roads in the region. This substantial allocation reflects the government's commitment to enhancing connectivity and bolstering the strategic road network in Ladakh.

The approved funds will be instrumental in the construction and improvement of key roadways, contributing to the overall socio-economic development of Ladakh. The region's unique geographical challenges and strategic importance necessitate robust road infrastructure, and the sanctioned funds are poised to address these requirements effectively.

Ladakh, known for its breathtaking landscapes and strategic significance, has long been in need of improved transportation links. The allocation of Rs 11.70 billion underscores the government's focus on bridging infrastructure gaps and ensuring that Ladakh's residents have reliable and efficient road connectivity.

The road development projects encompass various aspects, including the construction of new roads, widening existing ones, and incorporating modern engineering solutions to navigate the challenging terrain. Additionally, the funds are expected to play a crucial role in boosting tourism and trade activities in Ladakh, fostering economic growth in the region.

As Ladakh continues to gain prominence, both strategically and as a tourist destination, the sanctioned funds for road development align with the government's vision of fostering comprehensive development and connectivity in this picturesque and strategically vital region.

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..