Modi’s Vizag visit to see flurry of project launches

01 Nov 2022 CW Team

Prime Minister Narendra Modi will lay the foundation stone for the Rs 4-billion Visakhapatnam railway station modernisation project on November 11. He will also initiate the Rs 260-billion Visakhapatnam Hindustan Petroleum Corp (HPCL) petroleum refinery expansion and modernisation project; the first phase of the new green campus of IIM Visakhapatnam; and a cruise terminal in Visakhapatnam.

Modi during his visit to the port city will also lay the foundation stone for the new office complex of the sanctioned South Coast Rail Zone with headquarters in Visakhapatnam; a 400-bed speciality ESI Hospital being built at a cost of Rs 3.85 billion; and a modern mega fishing harbour in Visakhapatnam.

Governor Biswa Bhusan Harichandan and Chief Minister Y S Jagan Mohan Reddy will participate in various programmes along with the Prime Minister.

Infrastructure Energy

16 Sep 2025

Servotech Signs Deal to Supply EV Chargers and Solar Solutions

Servotech Renewable Power System Ltd., a leading player in the renewable energy and EV charging sector, has entered into a definitive trade agreement with Mauritius-based Enovra Energy Solutions Limited. Under this agreement, Servotech will supply EV chargers and solar solutions to Enovra for distribution and deployment across Mauritius and other surrounding regions.As part of this agreement, both companies have established a binding commitment, ensuring long-term business consistency and reinforcing the partnership’s seriousness and scalability. Enovra Energy Solutions, a key player in Maur..

RRP Electronics Secures Land for Rs 1.2 Billion Semiconductor Fab

RRP Electronics, which plans to set up a Rs 1.2 billion semiconductor fab in Maharashtra, on Friday announced receiving a letter of comfort from the state government for a 100-acre land parcel in Navi Mumbai for the proposed facility.Maharashtra Chief Minister Devendra Fadnavis presented the letter of comfort to the company at a late event on Thursday, the company, which is backed by legendary cricketer Sachin Tendulkar, said in a statement.“The company has secured 100 acres in Navi Mumbai for relocating a semiconductor fab from Sherman, Texas, from one of the world’s most established semi..

India’s Home Prices Set to Rise Sharply, Rentals Also Climb

Home prices in India are projected to rise more steeply than earlier forecasts, fuelled by demand from wealthy buyers, while the shortage of affordable housing is worsening and pushing millions towards costly rentals, according to a Reuters poll of property experts.The survey of 20 analysts, conducted between 14 August and 12 September, found that average home prices — already more than double over the past decade — are expected to rise 6.3 per cent in 2025 and 7 per cent in 2026, after an estimated 4 per cent increase in 2024. This outlook is higher than the 6 per cent and 5 per cent incr..