National Highways Construction to Drop 7-10% in FY25: CareEdge Ratings

Assam Government Signs Rs 229 Billion Project MoUs

The Assam government has signed Memorandums of Understanding (MoUs) for twenty projects valued at Rs 229 billion, following proposals from the Advantage Assam 2.0 investment summit held in February. These agreements mark binding commitments now advancing to execution.Chief Minister Himanta Biswa Sarma emphasised a balanced focus on large infrastructure and labour-intensive sectors such as agriculture and dairy. Key projects include waste management, the Tata Gateway initiative, solar power generation, and ethanol production.Since the summit, Rs 230 billion worth of investments have been cleare..

Lucknow Approves Rs two Billion for Urban Development

The Lucknow Infrastructure Fund Committee has approved an allocation of Rs two billion to enhance the city’s urban development and environmental conservation efforts. The funding aims to accelerate ongoing projects blending infrastructure improvement with ecological and cultural upliftment.Central to this initiative is the Green Corridor from Basant Kunj to Pipraghat, receiving Rs 900 million. Key projects include Rs 500 million for an embankment from Pipraghat to Shaheed Path to boost flood resilience and connectivity, Rs 150 million for a second embankment towards Ekana Stadium, and Rs 100..

3,827 Hectares Acquired for Industrial Corridors Along Expressways

The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has acquired 3,827 hectares of land across twelve districts for industrial corridors along the Ganga, Bundelkhand, Agra-Lucknow, Purvanchal, and Gorakhpur Link Expressways. This accounts for about seventy per cent of the approved land. The government has invested over Rs 55 billion in acquisition, including stamp duty and registration charges.The project aims to promote warehousing, logistics, electronics, food processing, pharmaceuticals, and information technology industries. These corridors are expected to play a crucia..