Sikkim CM assesses road projects amid land acquisition concerns

30 Sep 2024 CW Team

Sikkim Chief Minister Prem Singh Tamang chaired a meeting to review the progress of road projects in the state and to address concerns regarding land availability, according to officials. During the meeting, officers from various agencies provided him with detailed briefings about issues related to land acquisition, including complications surrounding compensation.

Tamang stated that he had convened a meeting at Samman Bhawan with senior officials from the National Highways and Infrastructure Development Corporation Limited (NHIDCL), Border Roads Organisation (BRO), and Power Grid Corporation of India (PGCIL) to discuss the land issues affecting road projects in the state.

He explored potential solutions to streamline the land acquisition process and examined specific cases that had hindered project progress. Additionally, he discussed strategies to effectively resolve these disputes. Tamang emphasized the importance of collaboration among the agencies to expedite infrastructure development while addressing the concerns of landowners.

Attendees of the meeting included Chief Secretary VB Pathak, DGP AK Singh, secretaries from various line departments, and district collectors.

Officials reported that Sikkim incurs financial losses of over Rs 5 billion each monsoon season due to heavy rains, which lead to landslides that severely damage roads and bridges. The frequent closure of NH-10A, the sole highway connecting Sikkim to the rest of the country, disrupts normal life in the border state.

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..